Delta Financial Advisors LLC Buys 2,341 Shares of Intel Co. (NASDAQ:INTC)

Delta Financial Advisors LLC raised its stake in Intel Co. (NASDAQ:INTC) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,901 shares of the chip maker’s stock after purchasing an additional 2,341 shares during the quarter. Intel makes up about 1.2% of Delta Financial Advisors LLC’s portfolio, making the stock its 26th biggest holding. Delta Financial Advisors LLC’s holdings in Intel were worth $2,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Barrett & Company Inc. raised its stake in shares of Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the last quarter. New Millennium Group LLC raised its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Waldron Private Wealth LLC raised its stake in shares of Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. raised its stake in shares of Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after purchasing an additional 246 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly 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 SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, 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. 0.04% of the stock is currently owned by company insiders.

Intel Stock Performance

Shares of Intel stock traded down $0.24 during trading hours on Thursday, reaching $35.44. The company had a trading volume of 12,650,875 shares, compared to its average volume of 46,456,121. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The business has a fifty day simple moving average of $42.18 and a 200 day simple moving average of $42.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The firm has a market cap of $149.84 billion, a PE ratio of 91.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (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 company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.41%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Wall Street Analyst Weigh In

A number of analysts recently commented on INTC shares. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. HSBC decreased their price target on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Barclays increased their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 26th. Finally, Morgan Stanley increased their price target on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $42.62.

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.