Thompson Davis & CO. Inc. Buys 3,349 Shares of Intel Co. (NASDAQ:INTC)

Thompson Davis & CO. Inc. increased its stake in shares of Intel Co. (NASDAQ:INTC) by 42.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,211 shares of the chip maker’s stock after purchasing an additional 3,349 shares during the period. Intel comprises about 0.5% of Thompson Davis & CO. Inc.’s holdings, making the stock its 25th biggest position. Thompson Davis & CO. Inc.’s holdings in Intel were worth $563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Intel by 0.4% during the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after purchasing an additional 1,624,453 shares during the last quarter. Primecap Management Co. CA lifted its position in Intel by 6.0% during the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after purchasing an additional 4,226,790 shares during the last quarter. Northern Trust Corp lifted its position in Intel by 3.7% during the third quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after purchasing an additional 1,626,127 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Intel by 18.6% during the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after purchasing an additional 6,064,950 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Intel by 13.4% during the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after purchasing an additional 4,222,381 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock traded down $0.89 during trading on Tuesday, reaching $30.47. The company had a trading volume of 72,176,616 shares, compared to its average volume of 48,540,945. The firm has a 50-day simple moving average of $40.35 and a 200-day simple moving average of $42.23. The company has a market cap of $128.83 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28.

Intel Dividend Announcement

The business also recently announced 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. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

Analyst Ratings Changes

INTC has been the subject of several research reports. Evercore ISI lowered their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday. Wedbush lowered their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday. HSBC lowered their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Sanford C. Bernstein lowered their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.