Cetera Investment Advisers Has $34.77 Million Holdings in Intel Co. (NASDAQ:INTC)

Cetera Investment Advisers lifted its stake in Intel Co. (NASDAQ:INTC) by 262.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 787,130 shares of the chip maker’s stock after buying an additional 570,249 shares during the period. Cetera Investment Advisers’ holdings in Intel were worth $34,768,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Slow Capital Inc. grew its position in Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares during the last quarter. Altus Wealth Group LLC grew its position in Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after acquiring an additional 2,915 shares during the last quarter. Alera Investment Advisors LLC bought a new stake in Intel during the 4th quarter worth approximately $201,000. Finally, Brookstone Capital Management grew its position in Intel by 65.2% during the 1st 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 institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on INTC shares. TD Cowen decreased their price objective on Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday. Susquehanna decreased their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday. Benchmark lowered Intel from a “buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group decreased their price objective on Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday. Five research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $33.41.

Intel Trading Down 26.1 %

Intel stock opened at $21.48 on Friday. Intel Co. has a 52 week low of $20.42 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a market capitalization of $91.44 billion, a P/E ratio of 22.38, a PEG ratio of 17.38 and a beta of 1.05. The stock has a 50-day simple moving average of $31.35 and a 200 day simple moving average of $36.77.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s payout ratio is currently 52.08%.

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.