Wynn Capital LLC Makes New $1.63 Million Investment in Intel Co. (NASDAQ:INTC)

Wynn Capital LLC purchased a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 largest holding.

A number of other institutional investors have also bought and sold shares of INTC. New Millennium Group LLC increased 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 worth $25,000 after buying an additional 231 shares in the last quarter. Legacy Financial Group LLC purchased a new position in shares of Intel during the third quarter valued at about $30,000. Raleigh Capital Management Inc. grew its position 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 purchasing an additional 362 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Intel during the fourth quarter valued at about $36,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Intel during the third quarter valued at about $40,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average price 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 in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 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 cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Up 0.6 %

NASDAQ INTC traded up $0.22 on Wednesday, hitting $34.50. The stock had a trading volume of 53,139,284 shares, compared to its average volume of 47,006,406. The business’s fifty day moving average price is $41.48 and its 200 day moving average price is $42.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The stock has a market cap of $145.87 billion, a price-to-earnings ratio of 88.46, a price-to-earnings-growth ratio of 3.09 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Equities research analysts anticipate that Intel Co. will post 0.61 earnings per share for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on INTC shares. HSBC cut their price objective on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday. Morgan Stanley lifted their price target on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Wedbush reiterated a “neutral” rating and issued a $40.00 price target on shares of Intel in a research report on Wednesday, April 17th. Susquehanna dropped their price target on Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Finally, Barclays lifted their price target on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Intel currently 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.