Everpar Advisors LLC Takes Position in Intel Co. (NASDAQ:INTC)

Everpar Advisors LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 9,523 shares of the chip maker’s stock, valued at approximately $479,000.

Other hedge funds have also recently made changes to their positions in the company. New Millennium Group LLC lifted its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Intel during the fourth quarter valued at about $36,000. Signature Resources Capital Management LLC bought a new position in shares of Intel during the fourth quarter valued at about $37,000. Bare Financial Services Inc bought a new position in shares of Intel during the fourth quarter valued at about $39,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Intel by 62.8% during the third 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. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intel

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

Intel Stock Performance

Intel stock traded down $0.29 during midday trading on Tuesday, hitting $30.68. The stock had a trading volume of 44,615,995 shares, compared to its average volume of 48,394,598. The firm’s fifty day moving average is $39.12 and its two-hundred day moving average is $42.05. The company has a market capitalization of $130.60 billion, a PE ratio of 31.96, a P/E/G ratio of 10.05 and a beta of 1.09. 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 company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is 52.08%.

Analyst Ratings Changes

Several brokerages have recently commented on INTC. Citigroup lowered their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Barclays decreased their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Susquehanna decreased their price target on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Bank of America decreased their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Finally, HSBC decreased their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Four investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.75.

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.