Intel Co. (NASDAQ:INTC) Stock Holdings Increased by Claro Advisors LLC

Claro Advisors LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 10.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,078 shares of the chip maker’s stock after purchasing an additional 958 shares during the period. Claro Advisors LLC’s holdings in Intel were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. New Millennium Group LLC increased 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. Burkett Financial Services LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Intel during the fourth quarter worth $27,000. Valued Wealth Advisors LLC acquired a new position in Intel in the fourth quarter worth about $36,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Intel in the 4th quarter valued at $37,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

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

INTC traded down $0.13 during midday trading on Monday, hitting $30.84. The stock had a trading volume of 31,243,599 shares, compared to its average volume of 46,723,953. The company has a market cap of $131.29 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 14.76 and a beta of 1.05. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The business has a fifty day moving average of $31.08 and a 200 day moving average of $39.46. 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 (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, equities analysts forecast that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on INTC. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Sanford C. Bernstein dropped their target price on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Truist Financial lowered their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group reduced their target price on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. Finally, Mizuho cut their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Three 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 stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $39.58.

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.