1900 Wealth Management LLC Purchases Shares of 4,100 Intel Co. (NASDAQ:INTC)

1900 Wealth Management LLC purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,100 shares of the chip maker’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barrett & Company Inc. raised its position in Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after purchasing an additional 210 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after purchasing an additional 216 shares in the last quarter. New Millennium Group LLC raised its position in 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 purchasing an additional 231 shares in the last quarter. Waldron Private Wealth LLC raised its position in Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after purchasing an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. raised its position in Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after purchasing an additional 246 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research reports. Evercore ISI initiated coverage on Intel in a research report on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price target on the stock. Truist Financial reiterated a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. HSBC decreased their price objective on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday. Mizuho decreased their price objective on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, Morgan Stanley lifted their price objective on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.38.

Intel Stock Performance

Shares of INTC opened at $34.28 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $41.48 and its 200-day moving average price is $42.36. 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 $144.94 billion, a P/E ratio of 87.90, a P/E/G ratio of 3.09 and a beta of 1.00.

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

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. Intel’s payout ratio is currently 128.21%.

Insider Buying and Selling

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

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.