Claro Advisors LLC Purchases 1,304 Shares of Intel Co. (NASDAQ:INTC)

Claro Advisors LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,120 shares of the chip maker’s stock after acquiring an additional 1,304 shares during the quarter. Claro Advisors LLC’s holdings in Intel were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. New Millennium Group LLC increased its holdings in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in Intel during the second quarter valued at approximately $25,000. Legacy Financial Group LLC bought a new position in shares of Intel in the third quarter valued at approximately $30,000. Milestone Investment Advisors LLC acquired a new stake in shares of Intel in the first quarter worth $32,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after buying an additional 362 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

NASDAQ:INTC opened at $44.52 on Tuesday. The stock has a market capitalization of $188.23 billion, a P/E ratio of 114.16, a price-to-earnings-growth ratio of 4.60 and a beta of 1.00. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The firm has a 50 day moving average of $43.81 and a 200-day moving average of $42.13. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Insider Transactions at Intel

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on INTC. HSBC cut their target price on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. TD Cowen cut their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. The Goldman Sachs Group raised their target price on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, February 23rd. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $50.00 in a research report on Friday, December 15th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.43.

Get Our Latest Stock Report on INTC

About Intel

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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