Intel Co. (NASDAQ:INTC) Shares Bought by Vestor Capital LLC

Vestor Capital LLC raised its position in Intel Co. (NASDAQ:INTCFree Report) by 204.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 450,442 shares of the chip maker’s stock after purchasing an additional 302,675 shares during the period. Intel accounts for 2.2% of Vestor Capital LLC’s investment portfolio, making the stock its 10th largest holding. Vestor Capital LLC’s holdings in Intel were worth $22,635,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. New Millennium Group LLC increased its position in Intel by 87.2% during the fourth 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. Raleigh Capital Management Inc. boosted its stake 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 during the period. Valued Wealth Advisors LLC purchased a new position in Intel during the 4th quarter worth $36,000. Signature Resources Capital Management LLC acquired a new position in Intel in the fourth quarter valued at $37,000. Finally, Bare Financial Services Inc purchased a new stake in shares of Intel in the fourth quarter valued at about $39,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of Intel stock traded down $0.24 on Friday, hitting $29.85. The company had a trading volume of 41,948,149 shares, compared to its average volume of 48,479,914. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company has a market cap of $127.07 billion, a PE ratio of 31.09, a PEG ratio of 10.05 and a beta of 1.09. The business has a 50-day simple moving average of $38.62 and a 200-day simple moving average of $41.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel Announces Dividend

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 given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark restated a “buy” rating and issued a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Susquehanna cut their price target on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Citigroup decreased their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Wedbush reduced their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. Four 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.62.

Get Our Latest Report on INTC

Insider Activity

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

About Intel

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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