Tyche Wealth Partners LLC Makes New $570,000 Investment in Intel Co. (NASDAQ:INTC)

Tyche Wealth Partners LLC purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,347 shares of the chip maker’s stock, valued at approximately $570,000.

A number of other hedge funds have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its position in shares of Intel by 100,953.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after purchasing an additional 51,083,262 shares during the last quarter. Norges Bank bought a new stake in shares of Intel in the 4th quarter valued at approximately $1,092,939,000. Clearbridge Investments LLC raised its position in shares of Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after acquiring an additional 16,074,485 shares in the last quarter. Barclays PLC raised its position in shares of Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after acquiring an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Intel by 29.8% during the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after purchasing an additional 12,241,200 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Transactions at Intel

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Bank of America lowered their target price 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. The Goldman Sachs Group raised their target price on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Evercore ISI began coverage on Intel in a research report on Tuesday. They set an “in-line” rating and a $40.00 price target on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.69.

Intel Trading Down 0.9 %

INTC traded down $0.32 during trading on Wednesday, reaching $35.94. The company had a trading volume of 3,576,732 shares, compared to its average volume of 46,398,660. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The firm’s 50-day simple moving average is $42.32 and its 200 day simple moving average is $42.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market cap of $151.95 billion, a price-to-earnings ratio of 92.98, a PEG ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Equities research analysts anticipate that Intel Co. will post 0.62 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is currently 128.21%.

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.