Creekmur Asset Management LLC Invests $70,000 in Intel Co. (NASDAQ:INTC)

Creekmur Asset Management LLC acquired a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,401 shares of the chip maker’s stock, valued at approximately $70,000.

Several other large investors have also recently made changes to their positions in the stock. New Millennium Group LLC lifted its holdings in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in Intel during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Intel during the 4th quarter worth approximately $27,000. Valued Wealth Advisors LLC acquired a new stake in shares of Intel in the 4th quarter valued at $36,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Intel in the 4th quarter valued at $37,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INTC shares. Susquehanna reduced their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Citigroup reduced their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Wedbush reduced their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. The Goldman Sachs Group reduced their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Three equities research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.58.

Insider Activity at Intel

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

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.01 during midday trading on Friday, hitting $30.45. The stock had a trading volume of 28,125,886 shares, compared to its average volume of 40,317,440. The company has a market capitalization of $129.63 billion, a PE ratio of 31.72, a P/E/G ratio of 14.52 and a beta of 1.06. The stock has a 50 day moving average price of $32.22 and a two-hundred day moving average price of $40.37. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share 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 firm had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. As a group, equities analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Intel Company 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.