Wynn Capital LLC Purchases New Position in Intel Co. (NASDAQ:INTC)

Wynn Capital LLC purchased a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,468 shares of the chip maker’s stock, valued at approximately $1,632,000. Intel makes up 1.3% of Wynn Capital LLC’s holdings, making the stock its 23rd biggest holding.

Several other large investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its position in Intel by 8.5% during the third quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock worth $1,072,000 after purchasing an additional 2,369 shares during the period. Impact Partnership Wealth LLC lifted its holdings in shares of Intel by 85.8% during the third quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock worth $148,000 after buying an additional 1,922 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in shares of Intel by 14.8% during the third quarter. Founders Financial Securities LLC now owns 31,444 shares of the chip maker’s stock worth $1,118,000 after buying an additional 4,062 shares during the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of Intel by 3.5% during the third quarter. Integrated Investment Consultants LLC now owns 9,437 shares of the chip maker’s stock worth $335,000 after buying an additional 318 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its holdings in shares of Intel by 106.9% during the third quarter. Meridian Wealth Management LLC now owns 49,590 shares of the chip maker’s stock worth $1,764,000 after buying an additional 25,619 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.6 %

INTC stock traded up $0.22 during mid-day trading on Wednesday, reaching $34.50. The company had a trading volume of 53,139,284 shares, compared to its average volume of 47,006,406. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $41.48 and a two-hundred day simple moving average of $42.36. The company has a market capitalization of $145.87 billion, a price-to-earnings ratio of 88.46, a PEG ratio of 3.09 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. As a group, equities analysts predict that Intel Co. will post 0.61 earnings per share 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 paid a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.45%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Activity at Intel

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

Analyst Ratings Changes

A number of brokerages have recently commented on INTC. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Evercore ISI began coverage on Intel in a report on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price target for the company. Susquehanna cut their price target on Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company cut their price target on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.38.

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.