Coastal Investment Advisors Inc. Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

Coastal Investment Advisors Inc. boosted its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 43.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,114 shares of the chip maker’s stock after purchasing an additional 14,374 shares during the period. Coastal Investment Advisors Inc.’s holdings in Intel were worth $2,335,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of INTC. Johnson Midwest Financial LLC raised its position in shares of Intel by 8.0% during the 1st quarter. Johnson Midwest Financial LLC now owns 3,641 shares of the chip maker’s stock valued at $180,000 after purchasing an additional 270 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Intel by 3.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 7,493 shares of the chip maker’s stock worth $371,000 after buying an additional 264 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Intel by 153.2% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 23,461 shares of the chip maker’s stock worth $1,177,000 after buying an additional 14,196 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of Intel by 7.0% in the 1st quarter. Capital Investment Advisors LLC now owns 591,643 shares of the chip maker’s stock worth $29,322,000 after buying an additional 38,620 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of Intel by 10.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 35,923 shares of the chip maker’s stock worth $1,780,000 after purchasing an additional 3,320 shares during the period. Institutional investors own 62.74% of the company’s stock.

NASDAQ:INTC opened at $37.38 on Thursday. The company has a market capitalization of $152.85 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. Intel Co. has a 52-week low of $36.60 and a 52-week high of $57.83. The stock has a fifty day simple moving average of $43.10 and a 200-day simple moving average of $47.39.

Intel (NASDAQ:INTCGet Rating) last announced its earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. Intel had a net margin of 31.68% and a return on equity of 21.67%. The firm had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.32 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Intel Co. will post 3.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.91%. The ex-dividend date was Thursday, May 5th. Intel’s dividend payout ratio (DPR) is 24.25%.

In other Intel news, CFO David Zinsner purchased 5,500 shares of the stock in a transaction on Tuesday, May 3rd. The stock was bought at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the acquisition, the chief financial officer now directly owns 8,803 shares of the company’s stock, valued at $393,758.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.02% of the stock is owned by insiders.

Several research firms have weighed in on INTC. Wedbush reissued an “underperform” rating and set a $45.00 target price on shares of Intel in a research report on Thursday, April 21st. Truist Financial reduced their target price on shares of Intel from $53.00 to $49.00 in a research report on Friday, April 8th. Citigroup dropped their price objective on shares of Intel from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, June 6th. DZ Bank cut shares of Intel from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Thursday, February 24th. Finally, StockNews.com cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 29th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.24.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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