Naples Money Management LLC Acquires New Holdings in Intel Co. (NASDAQ:INTC)

Naples Money Management LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,030 shares of the chip maker’s stock, valued at approximately $152,000.

Other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC raised its holdings in shares of Intel by 87.2% during the fourth 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 period. Cornerstone Planning Group LLC bought a new position in Intel during the 2nd quarter worth about $25,000. Legacy Financial Group LLC bought a new position in Intel during the 3rd quarter worth about $30,000. Milestone Investment Advisors LLC acquired a new stake in shares of Intel in the 1st quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. lifted its holdings 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 purchasing an additional 362 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Intel Stock Performance

Shares of INTC traded down $0.84 during midday trading on Friday, reaching $34.20. 58,975,320 shares of the stock were exchanged, compared to its average volume of 47,020,445. The stock’s 50 day simple moving average is $42.03 and its 200 day simple moving average is $42.30. The company has a market cap of $144.60 billion, a P/E ratio of 88.23, a PEG ratio of 3.20 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS. On average, sell-side analysts expect that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 26th. Susquehanna lowered their price objective on shares of Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group boosted their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Barclays raised their target price on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Bank of America lowered their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.