Spirepoint Private Client LLC Makes New Investment in Intel Co. (NASDAQ:INTC)

Spirepoint Private Client LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,030 shares of the chip maker’s stock, valued at approximately $355,000.

A number of other hedge funds also recently bought and sold shares of the business. Slow Capital Inc. lifted its position in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares in the last quarter. Altus Wealth Group LLC lifted its position in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after acquiring an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Intel by 3.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after acquiring an additional 2,915 shares in the last quarter. Alera Investment Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $201,000. Finally, Brookstone Capital Management lifted its position in shares of Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after acquiring an additional 27,274 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of the 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 directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction dated 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 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 accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Stock Down 5.4 %

INTC traded down $1.89 during trading hours on Friday, hitting $32.98. 69,628,654 shares of the company’s stock were exchanged, compared to its average volume of 50,896,944. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The firm has a 50 day moving average of $31.56 and a 200 day moving average of $37.97. The firm has a market cap of $140.40 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 19.74 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted 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). Intel had a return on equity of 2.19% and a net margin of 7.36%. The firm had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Analysts predict that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INTC shares. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price objective on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday, April 26th. Citigroup reduced their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, Barclays reduced their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.25.

About Intel

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.