Everpar Advisors LLC Acquires Shares of 9,523 Intel Co. (NASDAQ:INTC)

Everpar Advisors LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, HoldingsChannel reports. The fund bought 9,523 shares of the chip maker’s stock, valued at approximately $479,000.

A number of other institutional investors have also modified their holdings of the business. New Millennium Group LLC grew its position in Intel by 87.2% during the 4th 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 purchased a new position in shares of Intel during the fourth quarter worth about $36,000. Signature Resources Capital Management LLC acquired a new position in Intel in the 4th quarter valued at about $37,000. Bare Financial Services Inc purchased a new stake in Intel during the 4th quarter valued at approximately $39,000. Finally, 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 valued at $33,000 after purchasing an additional 362 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Truist Financial dropped their price objective on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. HSBC dropped their price objective on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Susquehanna lowered their price target on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Sanford C. Bernstein reduced their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Finally, Morgan Stanley dropped their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $39.75.

Intel Stock Down 0.9 %

Shares of INTC traded down $0.29 during midday trading on Tuesday, reaching $30.68. 44,615,995 shares of the company were exchanged, compared to its average volume of 48,394,598. 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 Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company has a market cap of $130.60 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 10.05 and a beta of 1.09. The stock has a 50-day moving average price of $39.12 and a 200-day moving average price of $42.05.

Intel Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following 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 corporate 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.