Intel Co. (NASDAQ:INTC) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 69.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,289 shares of the chip maker’s stock after buying an additional 9,950 shares during the quarter. Highland Capital Management LLC’s holdings in Intel were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. New Millennium Group LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 231 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Intel in the second quarter valued at about $25,000. Legacy Financial Group LLC purchased a new stake in shares of Intel in the third quarter valued at about $30,000. Milestone Investment Advisors LLC purchased a new stake in shares of Intel in the first quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

INTC opened at $43.77 on Thursday. The company has a fifty day simple moving average of $43.98 and a 200 day simple moving average of $42.01. The firm has a market cap of $185.06 billion, a price-to-earnings ratio of 112.23, a PEG ratio of 4.38 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. Equities research analysts expect that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Activity at Intel

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on INTC shares. Benchmark upped their price target on shares of Intel from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 26th. Raymond James reduced their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Wells Fargo & Company reduced their price objective on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. TD Cowen reduced their price objective on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $50.00 in a research note on Friday, December 15th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.48.

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.