Sloy Dahl & Holst LLC Has $650,000 Stock Position in Intel Co. (NASDAQ:INTC)

Sloy Dahl & Holst LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,944 shares of the chip maker’s stock after selling 283 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in Intel were worth $650,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in INTC. Moneta Group Investment Advisors LLC increased its holdings in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after acquiring an additional 51,083,262 shares during the last quarter. Norges Bank acquired a new position in shares of Intel during the 4th quarter worth approximately $1,092,939,000. Clearbridge Investments LLC increased its holdings in shares of Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares during the last quarter. Barclays PLC increased its holdings in shares of Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock worth $715,773,000 after acquiring an additional 13,507,774 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after acquiring an additional 12,241,200 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price 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 in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was bought 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 owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following 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. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INTC shares. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Barclays boosted their target price on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. The Goldman Sachs Group upped their price objective on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. TD Cowen decreased their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, Wells Fargo & Company decreased their price objective on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $42.69.

Intel Trading Down 1.1 %

Intel stock traded down $0.40 during trading hours on Wednesday, hitting $35.86. The stock had a trading volume of 5,628,051 shares, compared to its average volume of 46,429,148. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock has a market cap of $151.62 billion, a price-to-earnings ratio of 92.98, a P/E/G ratio of 3.21 and a beta of 1.00. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The business’s 50 day simple moving average is $42.32 and its 200-day simple moving average is $42.40.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.10 earnings per share. On average, equities analysts predict that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. Intel’s payout ratio is 128.21%.

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.