Wilson & Boucher Capital Management LLC Purchases 1,542 Shares of Intel Co. (NASDAQ:INTC)

Wilson & Boucher Capital Management LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,550 shares of the chip maker’s stock after buying an additional 1,542 shares during the period. Wilson & Boucher Capital Management LLC’s holdings in Intel were worth $530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. Vanguard Group Inc. increased its position in shares of Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares during the last quarter. Primecap Management Co. CA grew its stake in Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after buying an additional 475,636 shares in the last quarter. Norges Bank bought a new position in shares of Intel in the 4th quarter worth $2,424,202,000. Northern Trust Corp raised its position in shares of Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after buying an additional 1,626,127 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Intel by 13.4% during the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock worth $1,272,266,000 after acquiring an additional 4,222,381 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other Intel news, 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 cost of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired 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 $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INTC. Wells Fargo & Company lowered their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Wedbush reduced their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, HSBC lowered their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Three research 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.58.

Intel Stock Up 2.1 %

Shares of INTC stock traded up $0.64 during mid-day trading on Friday, reaching $30.72. 42,434,488 shares of the company’s stock traded hands, compared to its average volume of 51,530,472. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $35.75 and its 200-day moving average price is $41.55. The company has a market cap of $130.78 billion, a P/E ratio of 32.00, a P/E/G ratio of 14.46 and a beta of 1.09. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28.

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

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.