Bordeaux Wealth Advisors LLC Buys 2,123 Shares of Intel Co. (NASDAQ:INTC)

Bordeaux Wealth Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,927 shares of the chip maker’s stock after purchasing an additional 2,123 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Intel were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTC. Barrett & Company Inc. grew its holdings in Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the period. Revolve Wealth Partners LLC increased its position in Intel by 3.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares in the last quarter. New Millennium Group LLC raised its stake in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after acquiring an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. grew its stake in shares of Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 1.3 %

NASDAQ:INTC traded up $0.39 during midday trading on Friday, hitting $30.90. 36,731,368 shares of the company traded hands, compared to its average volume of 48,594,387. The firm has a market capitalization of $131.54 billion, a P/E ratio of 32.19, a P/E/G ratio of 9.88 and a beta of 1.09. The firm’s fifty day moving average is $39.84 and its 200-day moving average is $42.06. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on INTC shares. The Goldman Sachs Group dropped their price target on shares of Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Friday, April 26th. Susquehanna reduced their price target on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Raymond James lowered their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Wells Fargo & Company decreased their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Mizuho dropped their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Four equities 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, the company presently has an average rating of “Hold” and an average target price of $39.75.

Intel Company 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.