Thompson Davis & CO. Inc. Has $563,000 Stake in Intel Co. (NASDAQ:INTC)

Thompson Davis & CO. Inc. increased its position in Intel Co. (NASDAQ:INTC) by 42.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,211 shares of the chip maker’s stock after purchasing an additional 3,349 shares during the period. Intel comprises about 0.5% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 25th biggest holding. Thompson Davis & CO. Inc.’s holdings in Intel were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Sheets Smith Wealth Management bought a new stake in shares of Intel during the 3rd quarter worth $203,000. Defender Capital LLC. increased its position in shares of Intel by 13.0% during the 3rd quarter. Defender Capital LLC. now owns 92,315 shares of the chip maker’s stock worth $3,282,000 after purchasing an additional 10,600 shares in the last quarter. Hoertkorn Richard Charles increased its position in shares of Intel by 9.5% during the 3rd quarter. Hoertkorn Richard Charles now owns 95,857 shares of the chip maker’s stock worth $3,408,000 after purchasing an additional 8,300 shares in the last quarter. Accurate Wealth Management LLC increased its position in shares of Intel by 19.1% during the 3rd quarter. Accurate Wealth Management LLC now owns 7,331 shares of the chip maker’s stock worth $264,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Sebold Capital Management Inc. increased its position in shares of Intel by 4.7% during the 3rd quarter. Sebold Capital Management Inc. now owns 11,424 shares of the chip maker’s stock worth $406,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock traded down $0.89 during midday trading on Tuesday, reaching $30.47. 72,176,616 shares of the company were exchanged, compared to its average volume of 48,540,945. 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 business has a 50-day moving average price of $40.35 and a two-hundred day moving average price of $42.23. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The firm has a market capitalization of $128.83 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00.

Intel Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTC. Wedbush decreased their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley decreased their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday. UBS Group increased their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Roth Mkm decreased their price objective on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Evercore ISI decreased their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.75.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.

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.