LVW Advisors LLC Has $507,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

LVW Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 32.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,479 shares of the chip maker’s stock after purchasing an additional 2,823 shares during the quarter. LVW Advisors LLC’s holdings in Intel were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Ironwood Financial llc boosted its stake in shares of Intel by 5.6% during the first quarter. Ironwood Financial llc now owns 6,542 shares of the chip maker’s stock valued at $289,000 after purchasing an additional 344 shares in the last quarter. Red Door Wealth Management LLC lifted its stake in shares of Intel by 7.7% in the first quarter. Red Door Wealth Management LLC now owns 111,514 shares of the chip maker’s stock worth $4,926,000 after acquiring an additional 7,978 shares during the period. Avalon Capital Management lifted its stake in shares of Intel by 10.4% in the first quarter. Avalon Capital Management now owns 11,665 shares of the chip maker’s stock worth $515,000 after acquiring an additional 1,100 shares during the period. Cornerstone Wealth Group LLC lifted its stake in shares of Intel by 44.0% in the first quarter. Cornerstone Wealth Group LLC now owns 31,853 shares of the chip maker’s stock worth $1,407,000 after acquiring an additional 9,734 shares during the period. Finally, New Mexico Educational Retirement Board lifted its stake in shares of Intel by 9.1% in the first quarter. New Mexico Educational Retirement Board now owns 236,770 shares of the chip maker’s stock worth $10,458,000 after acquiring an additional 19,700 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the purchase, 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. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Down 0.4 %

Shares of NASDAQ:INTC opened at $30.84 on Tuesday. The stock has a market cap of $131.29 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 14.76 and a beta of 1.05. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The business’s 50 day moving average is $31.08 and its 200 day moving average is $39.46.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, sell-side analysts forecast that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTC shares. Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Sanford C. Bernstein cut their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Truist Financial lowered their target price on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.