Good Life Advisors LLC Acquires 5,079 Shares of Intel Co. (NASDAQ:INTC)

Good Life Advisors LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 35.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,226 shares of the chip maker’s stock after acquiring an additional 5,079 shares during the quarter. Good Life Advisors LLC’s holdings in Intel were worth $643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Frontier Wealth Management LLC boosted its holdings in shares of Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock valued at $2,181,000 after acquiring an additional 253 shares during the period. West Michigan Advisors LLC raised its holdings in shares of Intel by 5.4% in the first quarter. West Michigan Advisors LLC now owns 5,137 shares of the chip maker’s stock valued at $255,000 after buying an additional 262 shares during the last quarter. Retirement Income Solutions Inc boosted its stake in shares of Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after buying an additional 307 shares during the period. CFO4Life Group LLC grew its holdings in shares of Intel by 2.3% during the first quarter. CFO4Life Group LLC now owns 15,770 shares of the chip maker’s stock worth $515,000 after buying an additional 348 shares during the last quarter. Finally, Legacy Private Trust Co. increased its position in Intel by 2.7% in the 2nd quarter. Legacy Private Trust Co. now owns 13,124 shares of the chip maker’s stock valued at $439,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 60.84% of the company’s stock.

Intel Stock Performance

Intel stock opened at $37.88 on Monday. The stock has a fifty day moving average price of $35.00 and a 200 day moving average price of $32.28. Intel Co. has a 52 week low of $24.59 and a 52 week high of $40.07. The firm has a market capitalization of $158.64 billion, a P/E ratio of -172.17 and a beta of 0.89. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.14. Intel had a negative net margin of 1.71% and a positive return on equity of 1.70%. The company had revenue of $12.95 billion during the quarter, compared to the consensus estimate of $12.03 billion. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.50 annualized dividend and a yield of 1.32%. Intel’s payout ratio is -227.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on INTC shares. Robert W. Baird increased their price target on Intel from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Evercore ISI boosted their price target on shares of Intel from $36.00 to $40.00 and gave the stock an “in-line” rating in a research note on Friday, July 28th. Susquehanna raised their price objective on shares of Intel from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Barclays boosted their target price on Intel from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. Finally, 22nd Century Group reissued a “reiterates” rating on shares of Intel in a report on Wednesday, May 31st. Six analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.55.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 3,850 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average cost of $34.63 per share, for a total transaction of $133,325.50. Following the acquisition, the chief executive officer now owns 105,495 shares in the company, valued at $3,653,291.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 3,250 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $35.87 per share, for a total transaction of $116,577.50. Following the completion of the purchase, the chief executive officer now owns 139,715 shares of the company’s stock, valued at $5,011,577.05. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $34.63 per share, for a total transaction of $133,325.50. Following the purchase, the chief executive officer now directly owns 105,495 shares in the company, valued at $3,653,291.85. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.