Regal Investment Advisors LLC Buys 521 Shares of Intel Co. (NASDAQ:INTC)

Regal Investment Advisors LLC increased its position in Intel Co. (NASDAQ:INTCFree Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,808 shares of the chip maker’s stock after purchasing an additional 521 shares during the quarter. Regal Investment Advisors LLC’s holdings in Intel were worth $995,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. New Millennium Group LLC raised its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Intel during the fourth quarter worth $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel in the fourth quarter worth about $27,000. Raleigh Capital Management Inc. raised its holdings in shares of Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in Intel in the 4th quarter valued at $36,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Intel Stock Up 0.6 %

INTC stock opened at $30.91 on Tuesday. The business’s fifty day moving average price is $33.03 and its two-hundred day moving average price is $40.72. The stock has a market capitalization of $131.58 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 14.65 and a beta of 1.06. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, equities analysts anticipate that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Analyst Ratings Changes

Several analysts have issued reports on INTC shares. Evercore ISI dropped their price target on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research note on Friday, April 26th. Citigroup decreased their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Barclays cut their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $39.58.

Get Our Latest Analysis on Intel

Intel Profile

(Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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