FLC Capital Advisors Raises Stock Position in Intel Co. (NASDAQ:INTC)

FLC Capital Advisors grew its holdings in Intel Co. (NASDAQ:INTC) by 24.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,902 shares of the chip maker’s stock after buying an additional 3,488 shares during the period. FLC Capital Advisors’ holdings in Intel were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC boosted its stake in shares of Intel by 14.0% during the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock worth $234,000 after purchasing an additional 808 shares during the period. Shepherd Financial Partners LLC boosted its stake in shares of Intel by 3.4% during the 2nd quarter. Shepherd Financial Partners LLC now owns 18,339 shares of the chip maker’s stock worth $613,000 after purchasing an additional 607 shares during the period. Vanguard Capital Wealth Advisors boosted its stake in shares of Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after purchasing an additional 574 shares during the period. Waverly Advisors LLC boosted its stake in shares of Intel by 14.9% during the 3rd quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock worth $2,021,000 after purchasing an additional 7,362 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in Intel by 44.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock valued at $3,876,000 after buying an additional 25,428 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on INTC shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, February 2nd. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $32.00 to $50.00 in a research report on Friday, December 15th. Susquehanna boosted their price objective on shares of Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $41.48.

Intel Stock Performance

Shares of INTC stock traded up $1.78 during trading hours on Wednesday, hitting $43.77. The company’s stock had a trading volume of 50,973,957 shares, compared to its average volume of 45,228,254. The company has a 50 day moving average of $43.98 and a 200 day moving average of $42.01. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The stock has a market cap of $185.06 billion, a PE ratio of 112.23, a price-to-earnings-growth ratio of 4.36 and a beta of 1.00. 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 (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

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.