Waterfront Wealth Inc. Has $1.83 Million Holdings in Intel Co. (NASDAQ:INTC)

Waterfront Wealth Inc. decreased its position in Intel Co. (NASDAQ:INTC) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,364 shares of the chip maker’s stock after selling 1,654 shares during the quarter. Waterfront Wealth Inc.’s holdings in Intel were worth $1,827,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. New Millennium Group LLC increased its position in Intel by 87.2% during the 4th 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. Cornerstone Planning Group LLC acquired a new position in shares of Intel in the second quarter valued at about $25,000. Legacy Financial Group LLC acquired a new position in shares of Intel in the third quarter valued at about $30,000. Milestone Investment Advisors LLC acquired a new position in shares of Intel in the first quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Trading Down 1.6 %

NASDAQ:INTC traded down $0.58 during mid-day trading on Wednesday, hitting $35.68. 41,140,963 shares of the company’s stock were exchanged, compared to its average volume of 46,921,805. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a 50 day simple moving average of $42.18 and a 200-day simple moving average of $42.35. The firm has a market capitalization of $150.86 billion, a P/E ratio of 91.49, a PEG ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the business earned $0.10 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, research analysts expect that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.40%. Intel’s payout ratio is 128.21%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INTC. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 26th. The Goldman Sachs Group upped their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. TD Cowen decreased their price target on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Mizuho decreased their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus target price of $42.62.

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.