Intel Co. (NASDAQ:INTC) Shares Purchased by Broderick Brian C

Broderick Brian C boosted its position in Intel Co. (NASDAQ:INTCFree Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,710 shares of the chip maker’s stock after purchasing an additional 3,000 shares during the quarter. Broderick Brian C’s holdings in Intel were worth $789,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. New Millennium Group LLC increased its stake 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 worth $25,000 after acquiring an additional 231 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth about $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel during the 4th quarter worth about $27,000. Raleigh Capital Management Inc. increased its position in shares of 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 last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth about $36,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

INTC traded up $0.32 during trading on Friday, hitting $30.74. 34,085,530 shares of the stock were exchanged, compared to its average volume of 42,563,780. The firm has a market capitalization of $130.86 billion, a P/E ratio of 32.02, a PEG ratio of 14.50 and a beta of 1.06. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The stock has a fifty day moving average price of $33.30 and a two-hundred day moving average price of $40.85. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, sell-side analysts predict that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. Wedbush cut their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, April 26th. Wells Fargo & Company lowered their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.58.

Get Our Latest Stock Report on Intel

Insider Activity

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