Bordeaux Wealth Advisors LLC Raises Position in Intel Co. (NASDAQ:INTC)

Bordeaux Wealth Advisors LLC lifted its stake in Intel Co. (NASDAQ:INTC) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,927 shares of the chip maker’s stock after buying 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 filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in INTC. New Millennium Group LLC raised its position in shares of 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. Legacy Financial Group LLC bought a new position in Intel during the third quarter valued at $30,000. Raleigh Capital Management Inc. grew its stake in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after buying an additional 362 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in Intel during the fourth quarter worth approximately $36,000. Finally, Bare Financial Services Inc bought a new stake in Intel during the fourth quarter worth approximately $39,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 1.3 %

Shares of INTC stock traded up $0.39 during trading hours on Friday, reaching $30.90. 36,731,368 shares of the company’s stock were exchanged, compared to its average volume of 48,594,387. The stock has a market cap of $131.54 billion, a PE ratio of 32.19, a PEG ratio of 9.88 and a beta of 1.09. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The stock’s fifty day moving average price is $39.84 and its two-hundred day moving average price is $42.06. 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 Announces Dividend

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

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a report on Friday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Benchmark restated a “buy” rating and issued a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Susquehanna decreased their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Bank of America dropped their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.