Broderick Brian C Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Broderick Brian C raised its position in shares of Intel Co. (NASDAQ:INTC) by 25.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,710 shares of the chip maker’s stock after buying an additional 4,000 shares during the period. Broderick Brian C’s holdings in Intel were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Belpointe Asset Management LLC raised its stake in shares of Intel by 3.6% in the third quarter. Belpointe Asset Management LLC now owns 12,199 shares of the chip maker’s stock valued at $434,000 after acquiring an additional 419 shares in the last quarter. Integrated Advisors Network LLC raised its stake in shares of Intel by 4.1% in the third quarter. Integrated Advisors Network LLC now owns 25,308 shares of the chip maker’s stock valued at $900,000 after acquiring an additional 1,004 shares in the last quarter. Brown Shipley& Co Ltd raised its stake in Intel by 17.5% in the third quarter. Brown Shipley& Co Ltd now owns 140,389 shares of the chip maker’s stock valued at $4,991,000 after buying an additional 20,884 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in Intel in the third quarter valued at $453,000. Finally, Public Sector Pension Investment Board raised its stake in Intel by 127.8% in the third quarter. Public Sector Pension Investment Board now owns 1,498,607 shares of the chip maker’s stock valued at $53,275,000 after buying an additional 840,614 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of Intel stock traded down $1.37 during trading on Thursday, hitting $33.50. 55,083,593 shares of the company were exchanged, compared to its average volume of 47,225,066. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The stock has a market capitalization of $142.61 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 16.20 and a beta of 1.05. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $31.09 and a 200 day moving average price of $38.69.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The company had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. On average, equities analysts expect that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.49%. Intel’s dividend payout ratio (DPR) is 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INTC. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. TD Cowen cut their price target on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Wedbush cut their target price on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, April 26th. Finally, Evercore ISI cut their target price on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.58.

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.