FLC Capital Advisors Raises Stock Position in Intel Co. (NASDAQ:INTC)

FLC Capital Advisors grew its holdings in Intel Co. (NASDAQ:INTC) by 24.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,902 shares of the chip maker’s stock after buying an additional 3,488 shares during the period. FLC Capital Advisors’ holdings in Intel were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC boosted its stake in shares of Intel by 14.0% during the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock worth $234,000 after purchasing an additional 808 shares during the period. Shepherd Financial Partners LLC boosted its position in Intel by 3.4% in the 2nd quarter. Shepherd Financial Partners LLC now owns 18,339 shares of the chip maker’s stock valued at $613,000 after buying an additional 607 shares during the period. Vanguard Capital Wealth Advisors raised its holdings in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of Intel by 14.9% in the 3rd quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock valued at $2,021,000 after purchasing an additional 7,362 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Intel by 44.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock valued at $3,876,000 after purchasing an additional 25,428 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 4.2 %

INTC stock traded up $1.78 during mid-day trading on Wednesday, hitting $43.77. 50,973,957 shares of the company were exchanged, compared to its average volume of 45,228,254. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $185.06 billion, a P/E ratio of 112.23, a PEG ratio of 4.36 and a beta of 1.00. The business has a fifty day simple moving average of $43.98 and a 200-day simple moving average of $42.01. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen reduced their price objective on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Benchmark upped their price objective on shares of Intel from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 26th. HSBC lowered their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, January 26th. Mizuho lowered their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, The Goldman Sachs Group upped their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.48.

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.