Allen Capital Group LLC Purchases 2,966 Shares of Intel Co. (NASDAQ:INTC)

Allen Capital Group LLC raised its position in Intel Co. (NASDAQ:INTC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 132,730 shares of the chip maker’s stock after buying an additional 2,966 shares during the period. Intel comprises approximately 1.1% of Allen Capital Group LLC’s holdings, making the stock its 21st largest holding. Allen Capital Group LLC’s holdings in Intel were worth $6,670,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction on 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 purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on 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 purchase, the chief executive officer now 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on INTC shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, February 23rd. Citigroup cut 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. Mizuho cut their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.69.

Intel Trading Down 0.1 %

Shares of Intel stock traded down $0.05 during trading on Tuesday, hitting $36.26. The company’s stock had a trading volume of 30,295,125 shares, compared to its average volume of 46,997,027. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a market cap of $153.31 billion, a price-to-earnings ratio of 93.26, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. The stock has a 50-day moving average price of $42.45 and a two-hundred day moving average price of $42.39. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Equities research analysts anticipate that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Intel Company Profile

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.