McGlone Suttner Wealth Management Inc. Acquires 2,158 Shares of Intel Co. (NASDAQ:INTC)

McGlone Suttner Wealth Management Inc. raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 19.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,329 shares of the chip maker’s stock after acquiring an additional 2,158 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Intel were worth $670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Millennium Group LLC grew its holdings in shares of 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 bought a new position in shares of Intel in the second quarter worth approximately $25,000. Legacy Financial Group LLC bought a new position in shares of Intel in the third quarter worth approximately $30,000. Milestone Investment Advisors LLC bought a new position in shares of Intel in the first quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated 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 transaction, 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 filing with the SEC, which is accessible through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated 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 transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of Intel stock traded up $0.40 during trading hours on Thursday, reaching $44.17. 54,190,598 shares of the stock traded hands, compared to its average volume of 45,376,137. The company has a 50 day moving average price of $43.94 and a 200 day moving average price of $42.03. The firm has a market capitalization of $186.75 billion, a price-to-earnings ratio of 113.26, a P/E/G ratio of 4.38 and a beta of 1.00. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

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

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.13%. Intel’s dividend payout ratio is currently 128.21%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho dropped their price target on Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 26th. HSBC dropped their price target on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Wells Fargo & Company dropped their price target on Intel from $52.00 to $48.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th. Raymond James lowered their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Stifel Nicolaus raised their price objective on Intel from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average 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.