First Trust Direct Indexing L.P. Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

First Trust Direct Indexing L.P. grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,548 shares of the chip maker’s stock after buying an additional 15,275 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Intel were worth $4,450,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. New Millennium Group LLC boosted its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Valued Wealth Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at $36,000. Legacy Financial Group LLC bought a new position in Intel during the 3rd quarter valued at $30,000. Raleigh Capital Management Inc. boosted its stake in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the last quarter. Finally, Financial Connections Group Inc. bought a new position in Intel during the 4th quarter valued at $52,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Sanford C. Bernstein reduced their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Barclays reduced their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Bank of America reduced their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Wells Fargo & Company dropped their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.75.

Intel Price Performance

Intel stock traded down $0.10 during trading hours on Wednesday, hitting $30.37. 60,565,524 shares of the company traded hands, compared to its average volume of 48,681,813. The firm has a market cap of $129.29 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.31 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $40.35 and its two-hundred day simple moving average is $42.23. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.65%. Intel’s payout ratio is 52.08%.

About Intel

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.