Wetzel Investment Advisors Inc. Purchases Shares of 7,437 Intel Co. (NASDAQ:INTC)

Wetzel Investment Advisors Inc. purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,437 shares of the chip maker’s stock, valued at approximately $374,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Intel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after buying an additional 1,624,453 shares during the period. State Street Corp increased its position in Intel by 0.8% during the 1st quarter. State Street Corp now owns 179,319,417 shares of the chip maker’s stock worth $5,858,347,000 after buying an additional 1,447,881 shares during the period. Primecap Management Co. CA increased its position in shares of Intel by 6.0% in the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after purchasing an additional 4,226,790 shares during the period. Morgan Stanley increased its position in shares of Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after purchasing an additional 12,241,200 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after purchasing an additional 51,083,262 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on INTC shares. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Wells Fargo & Company decreased their price target on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 9th. Truist Financial restated a “hold” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Susquehanna decreased their price target on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.62.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Trading Down 2.4 %

Intel stock traded down $0.84 during trading hours on Friday, reaching $34.20. The company had a trading volume of 58,975,320 shares, compared to its average volume of 47,020,445. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company has a 50-day moving average price of $41.85 and a 200 day moving average price of $42.29. The firm has a market cap of $144.60 billion, a price-to-earnings ratio of 87.69, a P/E/G ratio of 3.20 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Equities analysts forecast that Intel Co. will post 0.61 earnings per share for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

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.