Continuum Wealth Advisors LLC Invests $232,000 in Intel Co. (NASDAQ:INTC)

Continuum Wealth Advisors LLC acquired a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,625 shares of the chip maker’s stock, valued at approximately $232,000.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Intel during the 4th quarter worth approximately $650,000. Guidance Capital Inc. boosted its position in shares of Intel by 5.9% during the 4th quarter. Guidance Capital Inc. now owns 21,013 shares of the chip maker’s stock worth $1,004,000 after purchasing an additional 1,165 shares during the period. Slow Capital Inc. boosted its position in shares of 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 purchasing an additional 508 shares during the period. Prosperity Wealth Management Inc. acquired a new stake in shares of Intel in the 4th quarter valued at $293,000. Finally, Phoenix Wealth Advisors acquired a new stake in shares of Intel in the 4th quarter valued at $232,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. The Goldman Sachs Group lifted their price target on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Wedbush reiterated a “neutral” rating and set a $40.00 price target on shares of Intel in a research note on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, HSBC cut their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $42.62.

Intel Trading Down 1.6 %

Shares of NASDAQ:INTC traded down $0.58 during trading on Wednesday, reaching $35.68. The stock had a trading volume of 40,975,588 shares, compared to its average volume of 46,898,438. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $42.32 and a 200-day moving average price of $42.40. The stock has a market cap of $150.86 billion, a P/E ratio of 91.28, a PEG ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. As a group, analysts anticipate that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.40%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

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.