SFE Investment Counsel Acquires 710 Shares of Intel Co. (NASDAQ:INTC)

SFE Investment Counsel boosted its position in Intel Co. (NASDAQ:INTC) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 11,035 shares of the chip maker’s stock after buying an additional 710 shares during the quarter. SFE Investment Counsel’s holdings in Intel were worth $555,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in INTC. 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 worth $25,000 after purchasing an additional 231 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Intel during the second quarter worth approximately $25,000. Legacy Financial Group LLC purchased a new position in shares of Intel during the third quarter worth approximately $30,000. Milestone Investment Advisors LLC purchased a new position in shares of Intel during the first quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. increased its holdings in Intel by 62.8% during 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 during the period. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased 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 in the company, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now directly 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 accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Trading Down 2.0 %

Shares of INTC stock traded down $0.72 during trading hours on Thursday, hitting $34.96. The company had a trading volume of 26,800,902 shares, compared to its average volume of 46,639,633. The company’s fifty day moving average is $42.18 and its 200 day moving average is $42.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The stock has a market capitalization of $147.81 billion, a PE ratio of 89.75, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping 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 firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts expect that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. Intel’s dividend payout ratio is currently 128.21%.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and issued a $40.00 target price on shares of Intel in a research note on Wednesday. Citigroup lowered their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Morgan Stanley lifted their price objective on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Truist Financial reissued a “hold” rating and set a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Four 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. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $42.62.

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.