Saxon Interests Inc. Makes New $225,000 Investment in Intel Co. (NASDAQ:INTC)

Saxon Interests Inc. purchased a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,479 shares of the chip maker’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Millennium Group LLC raised its stake in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the period. Cornerstone Planning Group LLC acquired a new stake in Intel during the 2nd quarter worth $25,000. Legacy Financial Group LLC bought a new position in Intel during the 3rd quarter worth about $30,000. Milestone Investment Advisors LLC bought a new position in Intel during the 1st quarter worth about $32,000. Finally, Raleigh Capital Management Inc. increased its holdings in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ INTC traded up $0.40 on Thursday, hitting $44.17. The stock had a trading volume of 54,190,598 shares, compared to its average volume of 45,376,137. The firm has a 50-day moving average of $43.94 and a 200-day moving average of $42.03. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market capitalization of $186.75 billion, a price-to-earnings ratio of 113.26, a price-to-earnings-growth ratio of 4.38 and a beta of 1.00. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities analysts expect that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INTC shares. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, February 23rd. Susquehanna lifted their price target on shares of Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Mizuho decreased their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $50.00 in a research note on Friday, December 15th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 target price on shares of Intel in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.48.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost 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 of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

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.