InterOcean Capital Group LLC Buys 900 Shares of Intel Co. (NASDAQ:INTC)

InterOcean Capital Group LLC increased its stake in Intel Co. (NASDAQ:INTC) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,446 shares of the chip maker’s stock after purchasing an additional 900 shares during the period. InterOcean Capital Group LLC’s holdings in Intel were worth $1,178,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INTC. Vanguard Group Inc. boosted its stake in Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after buying an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA boosted its stake in Intel by 6.0% in the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after buying an additional 4,226,790 shares in the last quarter. Norges Bank purchased a new stake in Intel in the fourth quarter worth approximately $2,424,202,000. Northern Trust Corp boosted its stake in Intel by 3.7% in the third quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after buying an additional 1,626,127 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Intel by 13.4% in the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock worth $1,272,266,000 after buying an additional 4,222,381 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction dated Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Down 2.3 %

Shares of NASDAQ:INTC traded down $0.72 on Thursday, hitting $30.70. 12,467,764 shares of the company traded hands, compared to its average volume of 47,595,379. 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. The company has a market cap of $130.69 billion, a PE ratio of 32.73, a PEG ratio of 15.25 and a beta of 1.09. The stock has a 50 day simple moving average of $36.24 and a 200-day simple moving average of $41.66.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. As a group, research analysts expect that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.63%. Intel’s payout ratio is 52.08%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INTC. Citigroup cut their target price on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Sanford C. Bernstein dropped their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Roth Mkm dropped their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Mizuho dropped their price objective on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Finally, Barclays dropped their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.58.

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.