Brighton Jones LLC Grows Holdings in Intel Co. (NASDAQ:INTC)

Brighton Jones LLC raised its position in Intel Co. (NASDAQ:INTC) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,688 shares of the chip maker’s stock after buying an additional 1,445 shares during the period. Brighton Jones LLC’s holdings in Intel were worth $8,627,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. New Millennium Group LLC grew its stake in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Legacy Financial Group LLC purchased a new stake in Intel during the third quarter worth about $30,000. Raleigh Capital Management Inc. raised its position in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the period. Valued Wealth Advisors LLC purchased a new position in Intel in the fourth quarter valued at about $36,000. Finally, Briaud Financial Planning Inc purchased a new position in Intel in the third quarter valued at about $40,000. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was acquired 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 approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on INTC shares. Citigroup lowered their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Truist Financial decreased their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday. TD Cowen dropped their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Friday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $39.75.

Intel Trading Down 2.8 %

NASDAQ INTC traded down $0.89 during trading on Tuesday, hitting $30.47. 72,176,616 shares of the company’s stock traded hands, compared to its average volume of 48,540,945. The firm has a market cap of $128.83 billion, a P/E ratio of 32.34, a PEG ratio of 2.89 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a fifty day moving average of $40.63 and a two-hundred day moving average of $42.27.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.