Intel Co. (NASDAQ:INTC) Shares Acquired by Eudaimonia Advisors LLC

Eudaimonia Advisors LLC grew its position in Intel Co. (NASDAQ:INTC) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,724 shares of the chip maker’s stock after purchasing an additional 1,328 shares during the quarter. Eudaimonia Advisors LLC’s holdings in Intel were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Vanguard Group Inc. raised its stake in Intel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after acquiring an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA raised its stake in Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after acquiring an additional 4,226,790 shares in the last quarter. Northern Trust Corp raised its stake in Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after acquiring an additional 1,626,127 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Intel by 18.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after acquiring an additional 6,064,950 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Intel by 13.4% in the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after acquiring an additional 4,222,381 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Citigroup cut their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company cut their target price on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Finally, Bank of America cut their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $42.38.

Intel Trading Down 0.4 %

Shares of Intel stock traded down $0.13 during trading on Tuesday, hitting $34.28. The stock had a trading volume of 46,719,967 shares, compared to its average volume of 46,893,191. The stock has a 50 day simple moving average of $41.66 and a 200 day simple moving average of $42.37. The company has a market capitalization of $144.94 billion, a PE ratio of 87.90, a P/E/G ratio of 3.07 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last posted 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 business 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. On average, research analysts expect that Intel Co. will post 0.61 EPS for the current fiscal 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 paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were bought 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 directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel 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 owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, 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. Corporate insiders own 0.04% of the company’s stock.

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.