FORVIS Wealth Advisors LLC Has $5.01 Million Holdings in Intel Co. (NASDAQ:INTC)

FORVIS Wealth Advisors LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 2.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 113,395 shares of the chip maker’s stock after buying an additional 2,569 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Intel were worth $5,009,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Slow Capital Inc. increased its holdings in shares of Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC lifted its position in Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after buying an additional 2,915 shares during the period. Alera Investment Advisors LLC purchased a new position in shares of Intel during the 4th quarter valued at $201,000. Finally, Brookstone Capital Management increased its stake in shares of Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after acquiring an additional 27,274 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of Intel stock traded up $0.16 during trading on Thursday, reaching $31.23. The company’s stock had a trading volume of 24,065,673 shares, compared to its average volume of 36,765,840. The stock has a 50-day moving average price of $30.88 and a two-hundred day moving average price of $39.20. The stock has a market capitalization of $132.95 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 14.81 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a one year low of $29.73 and a one year high of $51.28.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $12.72 billion for 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%. As a group, sell-side analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.60%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Transactions at Intel

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

Analyst Ratings Changes

A number of research analysts have commented on INTC shares. Evercore ISI lowered their target price 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. Roth Mkm lowered their price target on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. UBS Group raised their price objective on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. TD Cowen decreased their target price on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.58.

Intel Company 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.