Tyche Wealth Partners LLC Takes $570,000 Position in Intel Co. (NASDAQ:INTC)

Tyche Wealth Partners LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,347 shares of the chip maker’s stock, valued at approximately $570,000.

A number of other institutional investors have also bought and sold shares of INTC. Barrett & Company Inc. increased its holdings in Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after buying an additional 210 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the period. New Millennium Group LLC lifted its position in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Waldron Private Wealth LLC lifted its position in Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after purchasing an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. increased its position in 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 buying an additional 246 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 0.9 %

Shares of INTC traded down $0.32 during midday trading on Wednesday, reaching $35.94. 3,576,732 shares of the stock were exchanged, compared to its average volume of 46,398,660. The company has a market capitalization of $151.95 billion, a P/E ratio of 92.98, a PEG ratio of 3.21 and a beta of 1.00. 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 Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company’s 50 day moving average is $42.32 and its two-hundred day moving average is $42.40.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (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 company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the business earned $0.10 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is presently 128.21%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on INTC. Barclays increased their target price on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. HSBC cut their price target on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Truist Financial reissued a “hold” rating and set a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Finally, Bank of America dropped their price target on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $42.69.

Intel Company 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.