Avalon Trust Co Invests $56,000 in Intel Co. (NASDAQ:INTC)

Avalon Trust Co acquired a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,105 shares of the chip maker’s stock, valued at approximately $56,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New Millennium Group LLC raised 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 last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $36,000. Signature Resources Capital Management LLC acquired a new stake in Intel during the fourth quarter worth approximately $37,000. Bare Financial Services Inc purchased a new stake in Intel in the 4th quarter worth approximately $39,000. Finally, Raleigh Capital Management Inc. raised its holdings in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on INTC shares. Roth Mkm cut their target price on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group reduced their price objective on Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Friday, April 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Susquehanna decreased their price target on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.75.

Intel Stock Performance

NASDAQ INTC traded up $0.39 during trading hours on Friday, reaching $30.90. The company’s stock had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. The stock has a market cap of $131.54 billion, a PE ratio of 32.19, a PEG ratio of 10.05 and a beta of 1.09. The business has a 50-day simple moving average of $39.60 and a 200 day simple moving average of $42.11. Intel Co. has a 52 week low of $26.85 and a 52 week 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 business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling

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

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.