4,654 Shares in Intel Co. (NASDAQ:INTC) Bought by Ballast Advisors LLC

Ballast Advisors LLC bought a new stake in Intel Co. (NASDAQ:INTCFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,654 shares of the chip maker’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P raised its holdings in shares of Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after purchasing an additional 342,649 shares during the period. Axiom Financial Strategies LLC raised its holdings in shares of Intel by 21.6% during the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after purchasing an additional 1,056 shares during the period. Fairfield Bush & CO. acquired a new position in shares of Intel during the first quarter valued at about $142,000. Retirement Income Solutions Inc raised its holdings in shares of Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 307 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after purchasing an additional 1,244,247 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 2.8 %

NASDAQ INTC traded up $0.99 during trading hours on Monday, reaching $36.68. 18,416,920 shares of the company’s stock traded hands, compared to its average volume of 46,767,219. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The firm has a market cap of $155.08 billion, a PE ratio of 93.56, a PEG ratio of 3.16 and a beta of 1.00. The firm has a 50-day simple moving average of $42.58 and a 200 day simple moving average of $42.39. 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 (NASDAQ:INTCGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Sell-side analysts anticipate that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on INTC shares. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, February 23rd. 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. Barclays upped their price objective on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Citigroup reduced their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Morgan Stanley upped their price objective on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.69.

Get Our Latest Analysis on Intel

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

About Intel

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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