Norden Group LLC Buys 2,843 Shares of Intel Co. (NASDAQ:INTC)

Norden Group LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 33.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,279 shares of the chip maker’s stock after buying an additional 2,843 shares during the quarter. Norden Group LLC’s holdings in Intel were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of INTC. New Millennium Group LLC increased its position in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Intel during the 4th quarter worth $36,000. Legacy Financial Group LLC bought a new stake in shares of Intel during the 3rd quarter valued at $30,000. Raleigh Capital Management Inc. raised its holdings in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the period. Finally, Financial Connections Group Inc. purchased a new position in Intel during the fourth quarter valued at $52,000. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on 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 transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Trading Down 2.8 %

INTC stock opened at $30.47 on Wednesday. The firm has a market cap of $129.71 billion, a P/E ratio of 31.74, a PEG ratio of 3.31 and a beta of 1.00. The company’s 50-day simple moving average is $40.35 and its 200-day simple moving average is $42.23. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is 52.08%.

Analyst Ratings Changes

A number of brokerages have commented on INTC. Citigroup reduced their price target on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. HSBC decreased their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, April 26th. Morgan Stanley lowered their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.75.

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.