Intel Co. (INTC) CEO Purchases $247,151.10 in Stock

Intel Co. (NASDAQ:INTC) CEO Robert Holmes Swan bought 5,117 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was purchased at an average price of $48.30 per share, for a total transaction of $247,151.10. Following the purchase, the chief executive officer now directly owns 131,839 shares in the company, valued at approximately $6,367,823.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ:INTC traded up $0.82 during trading on Monday, reaching $50.13. 2,454,542 shares of the company traded hands, compared to its average volume of 24,684,302. The company has a market cap of $230.69 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.51. Intel Co. has a 52 week low of $42.04 and a 52 week high of $57.60.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.25. The firm had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. Research analysts predict that Intel Co. will post 4.53 EPS for the current fiscal year.

Intel announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 15th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the chip maker to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. Intel’s dividend payout ratio is currently 34.68%.

Several hedge funds have recently made changes to their positions in the stock. Belpointe Asset Management LLC increased its holdings in Intel by 27.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock worth $1,350,000 after purchasing an additional 6,225 shares in the last quarter. Vanguard Group Inc. increased its holdings in Intel by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after purchasing an additional 2,892,357 shares in the last quarter. Dodge & Cox acquired a new position in Intel in the 3rd quarter worth about $236,000. WealthPLAN Partners LLC increased its holdings in Intel by 3.4% in the 3rd quarter. WealthPLAN Partners LLC now owns 118,285 shares of the chip maker’s stock worth $5,605,000 after purchasing an additional 3,940 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Intel in the 3rd quarter worth about $497,000. Institutional investors and hedge funds own 64.42% of the company’s stock.

Several research firms have commented on INTC. Wells Fargo & Co cut their target price on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, September 10th. Macquarie reaffirmed a “buy” rating and set a $60.00 price target on shares of Intel in a research report on Monday, September 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $68.00 price target on shares of Intel in a research report on Thursday, August 9th. Barclays lowered Intel from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $62.00 to $53.00 in a research report on Monday, August 6th. Finally, Sanford C. Bernstein set a $42.00 price target on Intel and gave the stock a “sell” rating in a research report on Thursday, August 9th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.47.

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About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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