Red Door Wealth Management LLC Has $4.93 Million Stake in Intel Co. (NASDAQ:INTC)

Red Door Wealth Management LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,514 shares of the chip maker’s stock after buying an additional 7,978 shares during the period. Red Door Wealth Management LLC’s holdings in Intel were worth $4,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Barrett & Company Inc. grew its stake in shares of Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after acquiring an additional 216 shares during the last quarter. New Millennium Group LLC grew its stake 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 worth $25,000 after acquiring an additional 231 shares during the last quarter. Waldron Private Wealth LLC grew its stake in shares of Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after acquiring an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. grew its stake in shares of Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after acquiring an additional 246 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. HSBC cut their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. UBS Group upped their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Sanford C. Bernstein lowered their price target on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Finally, Wedbush lowered their price target on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $39.58.

Intel Stock Performance

Intel stock traded up $0.38 during midday trading 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 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 52-week low of $29.73 and a 52-week high of $51.28. The company has a market capitalization of $131.84 billion, a PE ratio of 32.26, a P/E/G ratio of 14.76 and a beta of 1.06. The firm’s fifty day moving average is $31.08 and its two-hundred day moving average is $39.50.

Intel (NASDAQ:INTC) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $12.76 billion. On average, research analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

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

Insider Transactions at Intel

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