Addison Advisors LLC Purchases 2,196 Shares of Intel Co. (NASDAQ:INTC)

Addison Advisors LLC raised its stake in Intel Co. (NASDAQ:INTC) by 92.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,576 shares of the chip maker’s stock after acquiring an additional 2,196 shares during the period. Addison Advisors LLC’s holdings in Intel were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. Citizens Financial Group Inc. RI grew its stake in shares of Intel by 31.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 43,570 shares of the chip maker’s stock worth $2,189,000 after buying an additional 10,516 shares in the last quarter. Golden State Equity Partners boosted its stake in shares of Intel by 3.3% during the 4th quarter. Golden State Equity Partners now owns 10,785 shares of the chip maker’s stock worth $542,000 after purchasing an additional 345 shares during the period. Total Investment Management Inc. purchased a new position in shares of Intel during the 4th quarter worth about $247,000. Callan Capital LLC boosted its stake in shares of Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares during the period. Finally, New Jersey Better Educational Savings Trust purchased a new position in shares of Intel during the 4th quarter worth about $207,000. 64.53% of the stock is currently owned by institutional investors.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the 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 completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, for a total transaction 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 approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial dropped their price target on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday. 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. Sanford C. Bernstein lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday. Finally, TD Cowen lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $39.75.

Intel Stock Performance

NASDAQ:INTC traded down $3.23 during trading hours on Friday, hitting $31.88. 119,742,494 shares of the company were exchanged, compared to its average volume of 50,613,192. The stock has a market capitalization of $134.79 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 3.19 and a beta of 1.00. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company’s 50 day moving average price is $40.88 and its 200-day moving average price is $42.23.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 7.36% and a return on equity of 2.22%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, research analysts forecast that Intel Co. will post 0.6 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.