Bigelow Investment Advisors LLC Acquires Shares of 4,493 Intel Co. (NASDAQ:INTC)

Bigelow Investment Advisors LLC acquired a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,493 shares of the chip maker’s stock, valued at approximately $226,000.

Several other large investors also recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC boosted its position in Intel by 1.8% in the 4th quarter. Beaumont Financial Advisors LLC now owns 28,324 shares of the chip maker’s stock valued at $1,423,000 after buying an additional 489 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Intel by 1.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 40,134 shares of the chip maker’s stock valued at $2,017,000 after purchasing an additional 728 shares in the last quarter. HTLF Bank bought a new stake in shares of Intel in the 4th quarter valued at about $760,000. Fidelis Capital Partners LLC raised its holdings in shares of Intel by 84.2% in the 4th quarter. Fidelis Capital Partners LLC now owns 18,529 shares of the chip maker’s stock valued at $931,000 after purchasing an additional 8,472 shares in the last quarter. Finally, Western Wealth Management LLC raised its holdings in shares of Intel by 19.3% in the 4th quarter. Western Wealth Management LLC now owns 39,107 shares of the chip maker’s stock valued at $1,965,000 after purchasing an additional 6,319 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ INTC opened at $34.20 on Friday. 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 $144.60 billion, a price-to-earnings ratio of 87.69, a price-to-earnings-growth ratio of 3.15 and a beta of 1.00. The firm has a 50-day simple moving average of $41.85 and a 200-day simple moving average of $42.29. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period last year, the business earned $0.10 earnings per share. Intel’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price 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 approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, 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. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on INTC shares. 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 report on Monday, April 1st. Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Raymond James reduced their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Wells Fargo & Company cut their price target on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.62.

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.