Apollon Wealth Management LLC Buys 19,611 Shares of Intel Co. (NASDAQ:INTC)

Apollon Wealth Management LLC increased its stake in Intel Co. (NASDAQ:INTC) by 15.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 144,689 shares of the chip maker’s stock after purchasing an additional 19,611 shares during the quarter. Apollon Wealth Management LLC’s holdings in Intel were worth $7,271,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lincoln National Corp increased its position in Intel by 0.3% in the 4th quarter. Lincoln National Corp now owns 122,614 shares of the chip maker’s stock worth $6,161,000 after buying an additional 412 shares during the period. Maryland State Retirement & Pension System raised its stake in Intel by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 328,531 shares of the chip maker’s stock valued at $16,509,000 after purchasing an additional 6,966 shares during the last quarter. Idaho Trust Bank bought a new stake in Intel in the 4th quarter valued at $281,000. Wealthcare Advisory Partners LLC grew its position in Intel by 35.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 45,630 shares of the chip maker’s stock worth $2,293,000 after purchasing an additional 11,947 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new position in Intel during the fourth quarter valued at about $466,000. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INTC. UBS Group raised their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, April 26th. Mizuho dropped their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Susquehanna dropped their target price on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.75.

Intel Stock Performance

NASDAQ:INTC traded down $0.29 during mid-day trading on Tuesday, hitting $30.68. The stock had a trading volume of 44,615,995 shares, compared to its average volume of 48,394,598. The company’s 50 day simple moving average is $39.36 and its 200 day simple moving average is $42.08. The stock has a market cap of $130.60 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 10.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is presently 52.08%.

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.