Keel Point LLC Has $380,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Keel Point LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 18.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,563 shares of the chip maker’s stock after acquiring an additional 1,178 shares during the period. Keel Point LLC’s holdings in Intel were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of INTC. CVA Family Office LLC grew its position in shares of Intel by 14.0% in the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock valued at $234,000 after buying an additional 808 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $201,000. Vanguard Capital Wealth Advisors increased its stake in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after acquiring an additional 574 shares in the last quarter. Finally, Waverly Advisors LLC lifted its position in shares of Intel by 14.9% during the 3rd quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock valued at $2,021,000 after acquiring an additional 7,362 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of INTC stock opened at $36.26 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The firm has a market cap of $153.31 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 52 week low of $26.85 and a 52 week high of $51.28. The firm’s 50-day simple moving average is $42.32 and its two-hundred day simple moving average is $42.40.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the business posted $0.10 EPS. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts forecast that Intel Co. will post 0.62 earnings per share for the current year.

Intel Announces Dividend

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

Insider Activity at Intel

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

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday. Evercore ISI initiated coverage on Intel in a research note on Tuesday. They issued an “in-line” rating and a $40.00 price objective for the company. HSBC decreased their price objective on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a report on Friday, January 26th. Bank of America cut their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $42.69.

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.