Fidelis Capital Partners LLC Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

Fidelis Capital Partners LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 84.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,529 shares of the chip maker’s stock after acquiring an additional 8,472 shares during the period. Fidelis Capital Partners LLC’s holdings in Intel were worth $931,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Slow Capital Inc. grew its stake in shares of Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC purchased a new position in shares of Intel in the 4th quarter worth $201,000. Vanguard Capital Wealth Advisors grew its stake in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after buying an additional 574 shares in the last quarter. Finally, Prosperity Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter worth $293,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC traded down $0.36 during trading hours on Friday, hitting $34.68. The stock had a trading volume of 13,843,972 shares, compared to its average volume of 46,380,789. 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 firm has a 50-day moving average price of $42.03 and a 200 day moving average price of $42.30. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The firm has a market capitalization of $146.63 billion, a price-to-earnings ratio of 88.85, a PEG ratio of 3.20 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion during 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 business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. As a group, research analysts anticipate that Intel Co. will post 0.61 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed 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. This represents a $0.50 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Bank of America dropped their price objective 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. Morgan Stanley lifted their price target on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. UBS Group lifted their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. HSBC dropped their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Finally, TD Cowen dropped their price target on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Four investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.62.

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.