Intel Co. (NASDAQ:INTC) Shares Purchased by CapWealth Advisors LLC

CapWealth Advisors LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 475,123 shares of the chip maker’s stock after purchasing an additional 1,493 shares during the period. Intel accounts for about 2.9% of CapWealth Advisors LLC’s holdings, making the stock its 12th biggest holding. CapWealth Advisors LLC’s holdings in Intel were worth $23,875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Moneta Group Investment Advisors LLC increased its position in Intel by 100,953.1% during the fourth 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 stake in Intel during the fourth quarter worth about $1,092,939,000. Clearbridge Investments LLC increased its position in Intel by 4,407.3% during the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after purchasing an additional 16,074,485 shares during the last quarter. Barclays PLC increased its position in shares of Intel by 171.1% during the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after acquiring an additional 13,507,774 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Intel by 29.8% during the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after acquiring an additional 12,241,200 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

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

Intel Stock Down 1.0 %

Shares of NASDAQ:INTC traded down $0.36 during trading on Thursday, hitting $35.32. 13,048,044 shares of the company were exchanged, compared to its average volume of 46,462,809. The stock has a market capitalization of $149.33 billion, a P/E ratio of 91.28, a PEG ratio of 3.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The firm’s 50 day moving average price is $42.18 and its 200-day moving average price is $42.35.

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 company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. On average, research analysts predict that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.42%. Intel’s dividend payout ratio (DPR) is 128.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INTC. Wells Fargo & Company dropped their price target on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Bank of America dropped their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Mizuho dropped their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 26th. The Goldman Sachs Group lifted their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Finally, Wedbush reissued a “neutral” rating and issued a $40.00 price objective on shares of Intel in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.62.

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.