Orion Capital Management LLC Buys 700 Shares of Intel Co. (NASDAQ:INTC)

Orion Capital Management LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 41.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,400 shares of the chip maker’s stock after buying an additional 700 shares during the quarter. Orion Capital Management LLC’s holdings in Intel were worth $121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Accurate Wealth Management LLC raised its stake in Intel by 19.1% during the third quarter. Accurate Wealth Management LLC now owns 7,331 shares of the chip maker’s stock valued at $264,000 after buying an additional 1,176 shares during the last quarter. Vicus Capital raised its stake in Intel by 65.4% during the third quarter. Vicus Capital now owns 14,761 shares of the chip maker’s stock valued at $525,000 after buying an additional 5,837 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Intel by 5.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 362,811 shares of the chip maker’s stock worth $12,898,000 after purchasing an additional 18,209 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of Intel by 2.5% in the 3rd quarter. Clear Creek Financial Management LLC now owns 17,009 shares of the chip maker’s stock worth $605,000 after purchasing an additional 411 shares in the last quarter. Finally, Tectonic Advisors LLC increased its holdings in shares of Intel by 14.3% in the 3rd quarter. Tectonic Advisors LLC now owns 35,532 shares of the chip maker’s stock worth $1,263,000 after purchasing an additional 4,443 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America reduced their target price on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Evercore ISI cut their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a report on Friday, April 26th. Morgan Stanley cut their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Friday, April 26th. Finally, Susquehanna cut their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Four 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.75.

Intel Price Performance

Shares of NASDAQ:INTC traded up $0.43 during trading on Wednesday, reaching $30.90. 38,942,312 shares of the company’s stock traded hands, compared to its average volume of 48,415,160. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a market cap of $131.54 billion, a PE ratio of 31.40, a P/E/G ratio of 3.31 and a beta of 1.00. The company has a 50-day simple moving average of $40.35 and a 200-day simple moving average of $42.23.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

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.