Planned Solutions Inc. Purchases New Shares in Intel Co. (NASDAQ:INTC)

Planned Solutions Inc. purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,794 shares of the chip maker’s stock, valued at approximately $794,000. Intel comprises 0.4% of Planned Solutions Inc.’s holdings, making the stock its 27th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its holdings in 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 purchasing 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 about $1,092,939,000. Clearbridge Investments LLC grew its position 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 buying an additional 16,074,485 shares during the period. Barclays PLC grew its position 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 buying an additional 13,507,774 shares during the period. Finally, Morgan Stanley grew its position 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 buying an additional 12,241,200 shares during the period. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Truist Financial decreased their price objective on Intel from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $32.00 to $50.00 in a research report on Friday, December 15th. Stifel Nicolaus boosted their price objective on Intel from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Finally, Raymond James reduced their price target on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $41.48.

Intel Stock Up 4.2 %

Shares of NASDAQ INTC opened at $43.77 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The stock has a market capitalization of $185.06 billion, a P/E ratio of 112.23, a PEG ratio of 4.38 and a beta of 1.00. The stock’s fifty day moving average is $43.98 and its 200 day moving average is $42.01.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm 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 revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. Sell-side analysts forecast that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Insider Buying and Selling

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

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.