Trueblood Wealth Management LLC Invests $504,000 in Intel Co. (NASDAQ:INTC)

Trueblood Wealth Management LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,027 shares of the chip maker’s stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisor L.P grew its holdings in shares of Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after purchasing an additional 342,649 shares during the last quarter. Axiom Financial Strategies LLC lifted its position in Intel by 21.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after buying an additional 1,056 shares in the last quarter. Fairfield Bush & CO. acquired a new position in Intel during the 1st quarter worth about $142,000. Retirement Income Solutions Inc lifted its position in Intel by 5.1% during the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after buying an additional 307 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Intel by 26.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after purchasing an additional 1,244,247 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC traded up $0.40 during trading hours on Thursday, reaching $44.17. 53,427,680 shares of the company’s stock traded hands, compared to its average volume of 45,363,746. The stock has a market cap of $186.75 billion, a PE ratio of 113.87, a price-to-earnings-growth ratio of 4.38 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm’s 50 day simple moving average is $43.98 and its 200-day simple moving average is $42.01. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28.

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

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid 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 1.13%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have issued reports on INTC shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intel from $38.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, December 18th. Barclays upped their target price on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Intel in a research note on Friday, February 16th. Truist Financial lowered their price target on Intel from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.48.

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.