Relyea Zuckerberg Hanson LLC Increases Stake in Intel Co. (NASDAQ:INTC)

Relyea Zuckerberg Hanson LLC raised its position in Intel Co. (NASDAQ:INTCFree Report) by 43.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,351 shares of the chip maker’s stock after buying an additional 5,285 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Intel were worth $872,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in INTC. Revolve Wealth Partners LLC lifted its holdings in Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares during the period. New Millennium Group LLC raised its holdings in 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 buying an additional 231 shares during the last quarter. Global Trust Asset Management LLC lifted its holdings in Intel by 4.1% in the fourth quarter. Global Trust Asset Management LLC now owns 6,253 shares of the chip maker’s stock worth $314,000 after buying an additional 249 shares during the period. Carmignac Gestion grew its position in Intel by 0.7% during the 3rd quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock valued at $1,219,000 after purchasing an additional 251 shares during the last quarter. Finally, Frontier Wealth Management LLC grew its stake in shares of Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock worth $2,181,000 after acquiring an additional 253 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on INTC shares. Truist Financial dropped their price target on Intel from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Stifel Nicolaus raised their price target on shares of Intel from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. TD Cowen lowered their target price on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $32.00 to $50.00 in a research note on Friday, December 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price objective on shares of Intel in a research note on Friday, February 2nd. Four 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.48.

Read Our Latest Stock Analysis on INTC

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $44.17 on Friday. The firm’s 50 day simple moving average is $43.89 and its 200 day simple moving average is $42.04. The company has a market capitalization of $186.75 billion, a price-to-earnings ratio of 113.26, a P/E/G ratio of 4.60 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. 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 released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for 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%. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. As a group, sell-side analysts forecast that Intel Co. will post 0.64 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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