Matthew Goff Investment Advisor LLC Has $10.99 Million Holdings in Intel Co. (NASDAQ:INTC)

Matthew Goff Investment Advisor LLC grew its position in Intel Co. (NASDAQ:INTC) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 328,656 shares of the chip maker’s stock after purchasing an additional 5,223 shares during the period. Intel comprises about 2.6% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 12th largest position. Matthew Goff Investment Advisor LLC’s holdings in Intel were worth $10,988,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Psagot Value Holdings Ltd. Israel increased its holdings in shares of Intel by 43.7% during the 1st quarter. Psagot Value Holdings Ltd. Israel now owns 4,456 shares of the chip maker’s stock valued at $142,000 after acquiring an additional 1,356 shares during the last quarter. Avaii Wealth Management LLC acquired a new stake in Intel in the 1st quarter valued at approximately $354,000. ProShare Advisors LLC grew its holdings in Intel by 11.3% in the 1st quarter. ProShare Advisors LLC now owns 4,754,164 shares of the chip maker’s stock valued at $155,319,000 after buying an additional 483,917 shares during the last quarter. Spire Wealth Management grew its holdings in Intel by 27.7% in the 1st quarter. Spire Wealth Management now owns 40,570 shares of the chip maker’s stock valued at $1,325,000 after buying an additional 8,790 shares during the last quarter. Finally, Nishkama Capital LLC acquired a new stake in Intel in the 1st quarter valued at approximately $12,023,000. 60.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 3,850 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average cost of $34.63 per share, with a total value of $133,325.50. Following the transaction, the chief executive officer now owns 105,495 shares in the company, valued at approximately $3,653,291.85. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger acquired 3,850 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average cost of $34.63 per share, with a total value of $133,325.50. Following the transaction, the chief executive officer now owns 105,495 shares in the company, valued at approximately $3,653,291.85. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger bought 3,250 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $35.87 per share, with a total value of $116,577.50. Following the completion of the transaction, the chief executive officer now directly owns 139,715 shares in the company, valued at $5,011,577.05. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on INTC shares. UBS Group raised their target price on Intel from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, July 28th. StockNews.com began coverage on Intel in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Mizuho raised their price objective on Intel from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. JPMorgan Chase & Co. raised their price objective on Intel from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday, July 28th. Finally, Wells Fargo & Company reduced their price objective on Intel from $40.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, July 28th. Six analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.55.

Intel Stock Performance

NASDAQ INTC opened at $37.90 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.15. Intel Co. has a twelve month low of $24.59 and a twelve month high of $40.07. The business’s fifty day moving average is $35.00 and its 200 day moving average is $32.28.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.14. The firm had revenue of $12.95 billion for the quarter, compared to the consensus estimate of $12.03 billion. Intel had a positive return on equity of 1.70% and a negative net margin of 1.71%. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, August 4th. Intel’s payout ratio is presently -227.26%.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.