Montag A & Associates Inc. Increases Stake in Intel Co. (NASDAQ:INTC)

Montag A & Associates Inc. increased its stake in shares of Intel Co. (NASDAQ:INTC) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,733 shares of the chip maker’s stock after acquiring an additional 425 shares during the quarter. Montag A & Associates Inc.’s holdings in Intel were worth $1,595,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC increased its stake in Intel by 4.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 48,079 shares of the chip maker’s stock worth $1,627,000 after acquiring an additional 2,260 shares during the last quarter. Keel Point LLC bought a new position in Intel during the third quarter valued at $227,000. Gratus Capital LLC grew its stake in shares of Intel by 36.0% in the 3rd quarter. Gratus Capital LLC now owns 17,736 shares of the chip maker’s stock worth $631,000 after buying an additional 4,696 shares in the last quarter. TD Asset Management Inc raised its position in shares of Intel by 3.0% during the 3rd quarter. TD Asset Management Inc now owns 1,942,497 shares of the chip maker’s stock valued at $69,056,000 after buying an additional 57,368 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in shares of Intel in the 3rd quarter valued at about $7,942,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages have issued reports on INTC. Barclays decreased their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Wedbush decreased their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research note on Friday, April 26th. Bank of America reduced their price target on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Sanford C. Bernstein decreased their target price on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Four equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.62.

Intel Stock Up 0.3 %

Shares of INTC stock traded up $0.09 during trading hours on Thursday, reaching $30.09. 44,969,696 shares of the company’s stock were exchanged, compared to its average volume of 48,537,344. The stock’s fifty day moving average price is $38.62 and its two-hundred day moving average price is $41.88. The stock has a market cap of $128.09 billion, a PE ratio of 31.34, a PEG ratio of 10.05 and a beta of 1.09. 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.

Intel Dividend Announcement

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. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.66%. Intel’s dividend payout ratio is currently 52.08%.

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.