4,808 Shares in Intel Co. (NASDAQ:INTC) Purchased by WP Advisors LLC

WP Advisors LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,808 shares of the chip maker’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Slow Capital Inc. lifted its position in Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares during the last quarter. Altus Wealth Group LLC lifted its position in Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC acquired a new stake in Intel during the fourth quarter worth approximately $201,000. Vanguard Capital Wealth Advisors lifted its position in Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after acquiring an additional 574 shares during the last quarter. Finally, Prosperity Wealth Management Inc. acquired a new stake in Intel during the fourth quarter worth approximately $293,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial restated a “hold” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Morgan Stanley lifted their price target on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Evercore ISI began coverage on shares of Intel in a research report on Tuesday. They issued an “in-line” rating and a $40.00 price target for the company. Barclays lifted their price target on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.62.

Intel Trading Down 2.4 %

Shares of Intel stock traded down $0.84 during trading on Friday, hitting $34.20. The company’s stock had a trading volume of 59,070,310 shares, compared to its average volume of 48,337,516. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The stock has a market cap of $144.60 billion, a price-to-earnings ratio of 87.69, a price-to-earnings-growth ratio of 3.15 and a beta of 1.00. The stock has a 50-day moving average price of $41.85 and a two-hundred day moving average price of $42.29.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share 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 quarter in the previous year, the firm posted $0.10 earnings per share. Intel’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid 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 1.46%. Intel’s dividend payout ratio is 128.21%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction 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 $1,336,693.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction that occurred 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 directly owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price 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 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 currently owned by insiders.

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.