St. Louis Financial Planners Asset Management LLC Boosts Stake in Intel Co. (NASDAQ:INTC)

St. Louis Financial Planners Asset Management LLC boosted its position in shares of Intel Co. (NASDAQ:INTC) by 48.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,960 shares of the chip maker’s stock after buying an additional 29,458 shares during the period. Intel makes up about 1.6% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 22nd biggest holding. St. Louis Financial Planners Asset Management LLC’s holdings in Intel were worth $2,032,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in shares of Intel in the second quarter valued at $2,178,000. Brookstone Capital Management raised its position in shares of Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares in the last quarter. Czech National Bank raised its position in shares of Intel by 7.2% during the 3rd quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock valued at $20,392,000 after buying an additional 58,021 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Intel by 2.6% in the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after acquiring an additional 418 shares during the last quarter. Finally, Red Mountain Financial LLC purchased a new position in Intel in the fourth quarter worth about $859,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INTC shares. The Goldman Sachs Group decreased their price objective on Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday, August 2nd. Benchmark restated a “hold” rating on shares of Intel in a report on Monday, September 23rd. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $31.96.

Intel Stock Up 4.2 %

Shares of NASDAQ INTC opened at $23.32 on Wednesday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The stock’s fifty day simple moving average is $21.47 and its two-hundred day simple moving average is $29.21. The stock has a market capitalization of $99.27 billion, a PE ratio of 24.29 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. As a group, analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

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.