Prosperity Consulting Group LLC Purchases 2,556 Shares of Intel Co. (NASDAQ:INTC)

Prosperity Consulting Group LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 34.3% during the first quarter, Holdings Channel.com reports. The fund owned 10,000 shares of the chip maker’s stock after buying an additional 2,556 shares during the period. Prosperity Consulting Group LLC’s holdings in Intel were worth $442,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barrett & Company Inc. lifted its holdings in Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares during the last quarter. New Millennium Group LLC grew its stake in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. grew its position in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after purchasing an additional 246 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intel

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

Intel Stock Up 2.5 %

NASDAQ INTC traded up $0.79 on Friday, reaching $32.02. 45,309,446 shares of the stock traded hands, compared to its average volume of 34,048,632. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company has a market cap of $136.31 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 14.89 and a beta of 1.05. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28. The company has a fifty day moving average price of $30.81 and a 200-day moving average price of $39.05.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. As a group, research analysts forecast that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.56%. Intel’s payout ratio is currently 52.08%.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. Mizuho dropped their price target on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Wells Fargo & Company decreased their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Citigroup dropped their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Finally, HSBC decreased their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.58.

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.