AJOVista LLC Invests $165,000 in Intel Co. (NASDAQ:INTC)

AJOVista LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,291 shares of the chip maker’s stock, valued at approximately $165,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Financial Group LLC purchased a new position in Intel during the 3rd quarter valued at about $30,000. Brown Advisory Inc. increased its holdings in Intel by 1.6% during the third quarter. Brown Advisory Inc. now owns 518,272 shares of the chip maker’s stock valued at $18,425,000 after buying an additional 8,108 shares during the period. Segment Wealth Management LLC bought a new position in Intel in the third quarter worth approximately $216,000. Signet Financial Management LLC purchased a new stake in Intel during the third quarter worth $206,000. Finally, Jacobsen Capital Management bought a new stake in Intel during the 3rd quarter valued at $237,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on INTC shares. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Wedbush decreased their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Citigroup lowered their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Sanford C. Bernstein decreased their price target 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. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.75.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.39 during trading on Friday, hitting $30.90. The company had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $39.84 and a two-hundred day simple moving average of $42.06. The firm has a market capitalization of $131.54 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 9.93 and a beta of 1.09.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

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.