Graypoint LLC Increases Position in Intel Co. (NASDAQ:INTC)

Graypoint LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 7.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,649 shares of the chip maker’s stock after buying an additional 2,371 shares during the quarter. Graypoint LLC’s holdings in Intel were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Saxony Capital Management LLC acquired a new position in Intel during the fourth quarter valued at $235,000. Koshinski Asset Management Inc. lifted its position in Intel by 36.5% during the fourth quarter. Koshinski Asset Management Inc. now owns 88,959 shares of the chip maker’s stock valued at $4,470,000 after purchasing an additional 23,775 shares during the period. MRP Capital Investments LLC lifted its position in Intel by 28.4% during the fourth quarter. MRP Capital Investments LLC now owns 26,530 shares of the chip maker’s stock valued at $1,333,000 after purchasing an additional 5,861 shares during the period. Ingalls & Snyder LLC lifted its position in Intel by 18.9% during the fourth quarter. Ingalls & Snyder LLC now owns 247,822 shares of the chip maker’s stock valued at $12,453,000 after purchasing an additional 39,471 shares during the period. Finally, ORG Partners LLC raised its position in shares of Intel by 16.4% in the fourth quarter. ORG Partners LLC now owns 29,730 shares of the chip maker’s stock worth $1,494,000 after acquiring an additional 4,196 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, February 23rd. Morgan Stanley boosted their target price on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Wedbush reissued a “neutral” rating and set a $40.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, December 18th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.48.

Intel Trading Down 5.2 %

Shares of Intel stock traded down $1.94 during mid-day trading on Friday, hitting $35.69. The stock had a trading volume of 80,254,789 shares, compared to its average volume of 48,829,772. The firm has a 50-day moving average of $42.58 and a two-hundred day moving average of $42.27. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The firm has a market cap of $150.90 billion, a P/E ratio of 91.52, a price-to-earnings-growth ratio of 3.33 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that Intel Co. will post 0.62 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.40%. Intel’s dividend payout ratio is currently 128.21%.

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.