Magnus Financial Group LLC Purchases New Stake in Intel Co. (NASDAQ:INTC)

Magnus Financial Group LLC acquired a new position in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,195 shares of the chip maker’s stock, valued at approximately $261,000.

Several other hedge funds have also recently bought and sold shares of the company. New Millennium Group LLC boosted its position in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in Intel during the fourth quarter worth $36,000. Legacy Financial Group LLC acquired a new stake in shares of Intel in the 3rd quarter valued at $30,000. Raleigh Capital Management Inc. increased its stake in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel during the 4th quarter worth $52,000. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of INTC opened at $31.36 on Tuesday. The firm has a market cap of $132.59 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The business’s 50 day moving average price is $40.63 and its two-hundred day moving average price is $42.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.59%. Intel’s payout ratio is presently 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on INTC. Citigroup decreased their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Mizuho decreased their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group dropped their price objective on shares of Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Friday. Wells Fargo & Company decreased their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Morgan Stanley dropped their price target on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.75.

Intel Profile

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.