Cross Staff Investments Inc Buys New Position in Intel Co. (NASDAQ:INTC)

Cross Staff Investments Inc purchased a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,846 shares of the chip maker’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barrett & Company Inc. grew its position in Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after buying an additional 210 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the last quarter. New Millennium Group LLC raised its position in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the last quarter. Waldron Private Wealth LLC raised its stake in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. grew its stake in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after purchasing an additional 246 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value 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 approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following 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. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

NASDAQ INTC traded down $3.29 on Friday, hitting $31.82. 97,403,716 shares of the company traded hands, compared to its average volume of 47,815,855. The business’s 50 day moving average price is $41.11 and its 200-day moving average price is $42.25. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a market capitalization of $134.53 billion, a price-to-earnings ratio of 81.28, a P/E/G ratio of 3.13 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.

Intel (NASDAQ:INTC) last issued its earnings results 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 return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that Intel Co. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday. TD Cowen lowered their price target on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday. Morgan Stanley dropped their price target on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday. Mizuho lowered their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Finally, Bank of America reduced their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $39.75.

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.