Nixon Peabody Trust Co. Takes Position in Intel Co. (NASDAQ:INTC)

Nixon Peabody Trust Co. purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,478 shares of the chip maker’s stock, valued at approximately $577,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Millennium Group LLC raised its position 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 purchasing an additional 231 shares during the period. Frazier Financial Advisors LLC bought a new position in Intel in the 4th quarter valued at $27,000. Raleigh Capital Management Inc. lifted its holdings in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $36,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of Intel during the 4th quarter worth $37,000. 64.53% of the stock is currently owned by institutional investors.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’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 acquisition, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. 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 analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, April 26th. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Jefferies Financial Group initiated coverage on shares of Intel in a report on Monday, May 13th. They set a “hold” rating and a $34.00 target price for the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, Mizuho dropped their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Up 2.1 %

NASDAQ:INTC traded up $0.64 during mid-day trading on Friday, hitting $30.72. The stock had a trading volume of 42,410,853 shares, compared to its average volume of 48,051,816. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a market capitalization of $130.78 billion, a PE ratio of 32.00, a PEG ratio of 15.10 and a beta of 1.09. The stock has a 50-day simple moving average of $35.99 and a two-hundred day simple moving average of $41.58.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. On average, equities research analysts anticipate that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.