Trueblood Wealth Management LLC Invests $504,000 in Intel Co. (NASDAQ:INTC)

Trueblood Wealth Management LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,027 shares of the chip maker’s stock, valued at approximately $504,000.

Several other institutional investors also recently made changes to their positions in INTC. New Millennium Group LLC boosted its position in Intel by 87.2% in the 4th 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. Valued Wealth Advisors LLC acquired a new stake in Intel during the fourth quarter worth about $36,000. Cornerstone Planning Group LLC acquired a new stake in shares of Intel in the second quarter valued at approximately $25,000. Lumature Wealth Partners LLC increased its stake in shares of Intel by 146.7% in the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 490 shares during the period. Finally, Legacy Financial Group LLC acquired a new stake in shares of Intel in the third quarter valued at approximately $30,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. HSBC lowered their price objective on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Barclays raised their price objective on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Wedbush restated a “neutral” rating and set a $40.00 target price on shares of Intel in a report on Friday, February 16th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a report on Friday, February 2nd. Finally, Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $32.00 to $50.00 in a research report on Friday, December 15th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.48.

Insider Buying and Selling at Intel

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

Intel Trading Up 0.9 %

INTC traded up $0.40 on Thursday, hitting $44.17. The company had a trading volume of 53,427,680 shares, compared to its average volume of 45,363,746. The company has a market cap of $186.75 billion, a PE ratio of 113.87, a PEG ratio of 4.38 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. 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 fifty day simple moving average is $43.98 and its 200 day simple moving average is $42.01.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Equities research analysts expect that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

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.