First Trust Direct Indexing L.P. Has $4.33 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

First Trust Direct Indexing L.P. increased its position in shares of Intel Co. (NASDAQ:INTC) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,005 shares of the chip maker’s stock after acquiring an additional 9,457 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Intel were worth $4,329,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barrett & Company Inc. increased its stake in shares of Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after purchasing an additional 210 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after purchasing an additional 216 shares during the last quarter. New Millennium Group LLC increased its stake in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Waldron Private Wealth LLC increased its stake in shares of Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after purchasing an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. increased its stake in shares of Intel by 1.3% in the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after purchasing an additional 246 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, with a total value 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 approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INTC shares. Bank of America reduced their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Evercore ISI reduced their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. TD Cowen reduced their price objective on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Morgan Stanley cut their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.58.

Intel Stock Up 0.5 %

INTC stock traded up $0.16 during trading on Thursday, reaching $31.23. 24,065,673 shares of the stock were exchanged, compared to its average volume of 36,765,840. The firm’s 50 day moving average is $30.95 and its 200 day moving average is $39.25. Intel Co. has a twelve month low of $29.73 and a twelve month high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a market cap of $132.95 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 14.81 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, research analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Intel 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.