Avalon Capital Management Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Avalon Capital Management increased its stake in shares of Intel Co. (NASDAQ:INTC) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,665 shares of the chip maker’s stock after buying an additional 1,100 shares during the period. Avalon Capital Management’s holdings in Intel were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of INTC. New Millennium Group LLC lifted its holdings in shares of 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 purchasing an additional 231 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. raised its position in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, April 26th. Sanford C. Bernstein dropped their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Bank of America dropped their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Finally, Mizuho dropped their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Up 1.2 %

Shares of INTC stock traded up $0.38 on Friday, hitting $30.97. The stock had a trading volume of 41,467,675 shares, compared to its average volume of 40,390,884. The firm has a market capitalization of $131.84 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 14.76 and a beta of 1.06. The stock’s 50 day moving average is $31.08 and its 200-day moving average is $39.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 52-week low of $29.73 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The company had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. As a group, research analysts expect that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. Intel’s payout ratio is currently 52.08%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following 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 document filed with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

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.