Epic Trust Investment Advisors LLC Invests $249,000 in Intel Co. (NASDAQ:INTC)

Epic Trust Investment Advisors LLC acquired 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 institutional investor acquired 4,957 shares of the chip maker’s stock, valued at approximately $249,000.

A number of other hedge funds also recently bought and sold shares of the business. Sheets Smith Wealth Management purchased a new stake in Intel in the 3rd quarter valued at $203,000. Defender Capital LLC. boosted its stake in Intel by 13.0% during the third quarter. Defender Capital LLC. now owns 92,315 shares of the chip maker’s stock worth $3,282,000 after buying an additional 10,600 shares during the period. Hoertkorn Richard Charles raised its stake in shares of Intel by 9.5% in the 3rd quarter. Hoertkorn Richard Charles now owns 95,857 shares of the chip maker’s stock valued at $3,408,000 after acquiring an additional 8,300 shares during the period. Accurate Wealth Management LLC lifted its holdings in shares of Intel by 19.1% in the 3rd quarter. Accurate Wealth Management LLC now owns 7,331 shares of the chip maker’s stock worth $264,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Sebold Capital Management Inc. increased its holdings in Intel by 4.7% in the 3rd quarter. Sebold Capital Management Inc. now owns 11,424 shares of the chip maker’s stock valued at $406,000 after purchasing an additional 518 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.80 during midday trading on Tuesday, hitting $30.56. 47,719,316 shares of the stock were exchanged, compared to its average volume of 48,231,777. The stock has a market cap of $129.21 billion, a P/E ratio of 32.34, a PEG ratio of 2.89 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a 50 day moving average price of $40.63 and a 200-day moving average price of $42.27. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

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 issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Roth Mkm cut their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Citigroup lowered their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, Mizuho reduced their price target on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.75.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

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.