Catalyst Financial Partners LLC Boosts Holdings in Intel Co. (NASDAQ:INTC)

Catalyst Financial Partners LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,500 shares of the chip maker’s stock after acquiring an additional 1,243 shares during the period. Catalyst Financial Partners LLC’s holdings in Intel were worth $1,332,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Slow Capital Inc. increased its stake 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 purchasing an additional 508 shares during the period. Altus Wealth Group LLC lifted its position in Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC purchased a new stake in Intel in the fourth quarter valued at $201,000. Callan Capital LLC lifted its position in Intel by 9.1% in the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its position in Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after acquiring an additional 574 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of Intel stock traded up $0.09 on Thursday, reaching $30.09. The stock had a trading volume of 44,969,696 shares, compared to its average volume of 48,537,344. The business’s 50-day moving average price is $39.12 and its two-hundred day moving average price is $42.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The stock has a market cap of $128.09 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 52.08%.

Insider Transactions at Intel

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on INTC shares. The Goldman Sachs Group reduced their price target on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Wedbush lowered their target price 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. Finally, Roth Mkm lowered their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Four 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. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $39.62.

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.