TCG Advisory Services LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

TCG Advisory Services LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 21.7% during the fourth quarter, HoldingsChannel reports. The fund owned 10,828 shares of the chip maker’s stock after purchasing an additional 1,928 shares during the period. TCG Advisory Services LLC’s holdings in Intel were worth $544,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. New Millennium Group LLC lifted its holdings in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Raleigh Capital Management Inc. boosted 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 valued at $33,000 after acquiring an additional 362 shares during the period. Valued Wealth Advisors LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $36,000. Signature Resources Capital Management LLC acquired a new position in shares of Intel in the 4th quarter valued at $37,000. Finally, Bare Financial Services Inc purchased a new stake in Intel in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Susquehanna decreased their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Bank of America lowered their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Morgan Stanley cut their price target on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. TD Cowen lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Finally, Truist Financial cut their price objective on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Four 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 data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $39.75.

Intel Trading Up 1.3 %

Shares of NASDAQ INTC traded up $0.39 during midday trading on Friday, reaching $30.90. 36,794,828 shares of the stock were exchanged, compared to its average volume of 58,447,700. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $131.54 billion, a P/E ratio of 32.19, a P/E/G ratio of 10.05 and a beta of 1.09. The stock has a 50 day moving average price of $39.60 and a 200-day moving average price of $42.02. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.62%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

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.