Capital Analysts LLC Acquires 2,978 Shares of Intel Co. (NASDAQ:INTC)

Capital Analysts LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,102 shares of the chip maker’s stock after purchasing an additional 2,978 shares during the period. Capital Analysts LLC’s holdings in Intel were worth $759,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Keel Point LLC grew its stake in Intel by 18.4% in the 4th quarter. Keel Point LLC now owns 7,563 shares of the chip maker’s stock valued at $380,000 after buying an additional 1,178 shares in the last quarter. Invesco LLC boosted its holdings in shares of Intel by 1.5% in the fourth quarter. Invesco LLC now owns 29,988 shares of the chip maker’s stock worth $1,507,000 after acquiring an additional 446 shares during the period. Ballast Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at $234,000. Dakota Wealth Management raised its stake in shares of Intel by 7.5% during the 4th quarter. Dakota Wealth Management now owns 66,281 shares of the chip maker’s stock valued at $3,331,000 after purchasing an additional 4,628 shares during the period. Finally, Drake & Associates LLC purchased a new stake in Intel during the 4th quarter worth about $236,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TD Cowen reduced their target price on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. The Goldman Sachs Group boosted their price objective on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. HSBC lowered their target price on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. UBS Group boosted their price target on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Intel in a report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.69.

Intel Price Performance

Shares of NASDAQ:INTC opened at $36.26 on Wednesday. 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 $153.31 billion, a PE ratio of 92.98, a PEG ratio of 3.21 and a beta of 1.00. The company’s fifty day moving average is $42.32 and its 200 day moving average is $42.40. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion for 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 company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Research analysts anticipate that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now 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 can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction on 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 acquisition, the chief executive officer now directly 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.

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.