4,847 Shares in Intel Co. (NASDAQ:INTC) Bought by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. bought 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 SEC. The institutional investor bought 4,847 shares of the chip maker’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Millennium Group LLC boosted its stake 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 worth $25,000 after buying an additional 231 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in Intel during the fourth quarter worth about $36,000. Bare Financial Services Inc bought a new position in Intel in the fourth quarter valued at approximately $39,000. Legacy Financial Group LLC bought a new stake in Intel during the third quarter worth $30,000. Finally, Raleigh Capital Management Inc. lifted its stake in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Intel Trading Up 1.3 %

Intel stock traded up $0.39 during trading hours on Friday, hitting $30.90. The stock had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. The business’s 50 day simple moving average is $39.60 and its 200-day simple moving average is $42.02. The stock has a market cap of $131.54 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 10.05 and a beta of 1.09. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

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 issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America reduced their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Truist Financial cut their price objective on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Citigroup reduced their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Mizuho lowered their target price on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, Barclays lowered their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $39.75.

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.