Curi Capital Buys Shares of 527 Intel Co. (NASDAQ:INTC)


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Curi Capital bought a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 527 shares of the chip maker’s stock, valued at approximately $26,000.

Other hedge funds also recently bought and sold shares of the company. United Bank raised its position in Intel by 9.8% in the third quarter. United Bank now owns 32,301 shares of the chip maker’s stock worth $1,673,000 after acquiring an additional 2,877 shares in the last quarter. Wealth Alliance increased its stake in Intel by 9.7% in the 3rd quarter. Wealth Alliance now owns 16,308 shares of the chip maker’s stock worth $844,000 after purchasing an additional 1,439 shares in the last quarter. Weld Capital Management LLC increased its stake in Intel by 141.1% in the 3rd quarter. Weld Capital Management LLC now owns 8,867 shares of the chip maker’s stock worth $459,000 after purchasing an additional 5,189 shares in the last quarter. OLD Mission Capital LLC purchased a new position in Intel in the 3rd quarter worth about $727,000. Finally, Point72 Asset Management L.P. purchased a new position in Intel in the 3rd quarter worth about $20,680,000. Institutional investors own 63.25% of the company’s stock.

In related news, CFO George S. Davis purchased 9,095 shares of the stock in a transaction on Tuesday, January 26th. The shares were purchased at an average cost of $55.34 per share, for a total transaction of $503,317.30. Following the completion of the transaction, the chief financial officer now directly owns 71,223 shares of the company’s stock, valued at approximately $3,941,480.82. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Holmes Swan purchased 27,244 shares of the stock in a transaction on Monday, January 25th. The stock was bought at an average price of $55.57 per share, for a total transaction of $1,513,949.08. Following the completion of the transaction, the chief executive officer now directly owns 330,774 shares of the company’s stock, valued at $18,381,111.18. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

A number of equities analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on Intel from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Tuesday, March 30th. Bank of America reissued a “sell” rating and issued a $62.00 price target on shares of Intel in a research note on Tuesday, March 30th. Rosenblatt Securities reissued a “sell” rating and issued a $40.00 price target on shares of Intel in a research note on Tuesday, January 19th. Barclays lifted their price target on Intel from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday, January 22nd. Finally, Mizuho lifted their price target on Intel from $70.00 to $72.00 in a research note on Wednesday, March 24th. Eleven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $63.64.

INTC opened at $66.25 on Thursday. The business has a 50 day moving average price of $62.88 and a 200 day moving average price of $54.07. Intel Co. has a twelve month low of $43.61 and a twelve month high of $67.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.24 and a current ratio of 1.66. The firm has a market cap of $269.79 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. The company had revenue of $19.98 billion during the quarter, compared to analyst estimates of $17.47 billion. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, analysts anticipate that Intel Co. will post 4.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be issued a dividend of $0.3475 per share. The ex-dividend date is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.10%. Intel’s dividend payout ratio (DPR) is presently 28.54%.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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