Disciplined Equity Management Inc. Acquires Shares of 2,500 Intel Co. (NASDAQ:INTC)

Disciplined Equity Management Inc. acquired a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,500 shares of the chip maker’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Flagship Harbor Advisors LLC increased its holdings in Intel by 8.5% in the third quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock valued at $1,072,000 after buying an additional 2,369 shares in the last quarter. Impact Partnership Wealth LLC grew its position in shares of Intel by 85.8% in the third quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock valued at $148,000 after purchasing an additional 1,922 shares during the period. Founders Financial Securities LLC grew its position in shares of Intel by 14.8% in the third quarter. Founders Financial Securities LLC now owns 31,444 shares of the chip maker’s stock valued at $1,118,000 after purchasing an additional 4,062 shares during the period. Integrated Investment Consultants LLC grew its position in shares of Intel by 3.5% in the third quarter. Integrated Investment Consultants LLC now owns 9,437 shares of the chip maker’s stock valued at $335,000 after purchasing an additional 318 shares during the period. Finally, Meridian Wealth Management LLC grew its position in shares of Intel by 106.9% in the third quarter. Meridian Wealth Management LLC now owns 49,590 shares of the chip maker’s stock valued at $1,764,000 after purchasing an additional 25,619 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on INTC shares. Evercore ISI started coverage on shares of Intel in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Citigroup dropped their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Susquehanna dropped their target price on shares of Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company lowered their price target on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.38.

Intel Stock Up 0.6 %

NASDAQ INTC traded up $0.22 on Wednesday, hitting $34.50. 53,139,284 shares of the stock were exchanged, compared to its average volume of 47,006,406. 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 Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a market cap of $145.87 billion, a PE ratio of 88.46, a PEG ratio of 3.09 and a beta of 1.00. The company has a 50-day moving average price of $41.29 and a 200-day moving average price of $42.30.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the business posted $0.10 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts anticipate that Intel Co. will post 0.61 EPS 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 issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

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.