Saxon Interests Inc. Takes Position in Intel Co. (NASDAQ:INTC)

Saxon Interests Inc. bought a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,479 shares of the chip maker’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. New Millennium Group LLC increased its stake in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the period. Valued Wealth Advisors LLC acquired a new position in Intel during the 4th quarter worth $36,000. Cornerstone Planning Group LLC acquired a new position in Intel during the 2nd quarter worth $25,000. Lumature Wealth Partners LLC grew its holdings in Intel by 146.7% during the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after acquiring an additional 490 shares in the last quarter. Finally, Legacy Financial Group LLC acquired a new position in Intel during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was bought 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 in the company, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of Intel stock traded up $0.40 on Thursday, hitting $44.17. The company had a trading volume of 54,190,598 shares, compared to its average volume of 45,376,137. The business has a 50-day simple moving average of $43.94 and a 200-day simple moving average of $42.03. 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 company has a market cap of $186.75 billion, a PE ratio of 113.26, a PEG ratio of 4.38 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Research analysts expect that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Wall Street Analyst Weigh In

INTC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, December 18th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $50.00 in a report on Friday, December 15th. The Goldman Sachs Group lifted their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Benchmark lifted 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. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.48.

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.