Intel Co. (NASDAQ:INTC) Position Boosted by Procyon Advisors LLC

Procyon Advisors LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,570 shares of the chip maker’s stock after acquiring an additional 1,190 shares during the quarter. Procyon Advisors LLC’s holdings in Intel were worth $2,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of INTC. Revolve Wealth Partners LLC lifted its stake in Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares during the period. New Millennium Group LLC lifted its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the period. Global Trust Asset Management LLC lifted its stake in Intel by 4.1% in the fourth quarter. Global Trust Asset Management LLC now owns 6,253 shares of the chip maker’s stock valued at $314,000 after buying an additional 249 shares during the period. Carmignac Gestion lifted its stake in Intel by 0.7% in the third quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock valued at $1,219,000 after buying an additional 251 shares during the period. Finally, Frontier Wealth Management LLC lifted its stake in Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock valued at $2,181,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on INTC shares. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 26th. The Goldman Sachs Group increased their target price on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Friday, February 2nd. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $40.00 price target on shares of Intel in a research report on Friday, February 16th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.48.

Intel Stock Up 1.4 %

INTC stock traded up $0.63 during mid-day trading on Thursday, reaching $44.40. The company had a trading volume of 9,326,391 shares, compared to its average volume of 44,581,488. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $43.98 and a two-hundred day simple moving average of $42.01. The company has a market capitalization of $187.72 billion, a price-to-earnings ratio of 113.28, a PEG ratio of 4.38 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts predict that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. Intel’s dividend payout ratio is currently 128.21%.

Insider Transactions at Intel

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

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.