Doheny Asset Management CA Acquires New Holdings in Intel Co. (NASDAQ:INTC)

Doheny Asset Management CA acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,040 shares of the chip maker’s stock, valued at approximately $253,000.

A number of other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC lifted its stake in Intel by 87.2% in the fourth 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 in the last quarter. Valued Wealth Advisors LLC bought a new position in Intel in the fourth quarter valued at approximately $36,000. Legacy Financial Group LLC bought a new position in Intel in the third quarter valued at approximately $30,000. Raleigh Capital Management Inc. lifted its stake in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new position in Intel in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Performance

Shares of INTC stock traded down $0.06 on Thursday, hitting $30.31. The company’s stock had a trading volume of 28,426,811 shares, compared to its average volume of 48,452,688. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock’s 50 day moving average is $40.09 and its 200-day moving average is $42.14. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a market capitalization of $129.03 billion, a PE ratio of 31.59, a PEG ratio of 8.39 and a beta of 1.09.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wedbush cut their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group cut their price objective on shares of Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Friday, April 26th. UBS Group boosted their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Evercore ISI cut their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Finally, Morgan Stanley cut their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.75.

Intel 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.