Mirador Capital Partners LP Buys 526 Shares of Intel Co. (NASDAQ:INTC)

Mirador Capital Partners LP raised its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,015 shares of the chip maker’s stock after purchasing an additional 526 shares during the period. Intel accounts for 1.1% of Mirador Capital Partners LP’s portfolio, making the stock its 21st largest position. Mirador Capital Partners LP’s holdings in Intel were worth $5,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fermata Advisors LLC purchased a new stake in shares of Intel during the fourth quarter valued at approximately $208,000. ICICI Prudential Asset Management Co Ltd boosted its holdings in Intel by 9.8% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 40,919 shares of the chip maker’s stock worth $2,056,000 after purchasing an additional 3,654 shares during the last quarter. PFG Advisors boosted its holdings in Intel by 3.4% in the fourth quarter. PFG Advisors now owns 31,423 shares of the chip maker’s stock worth $1,579,000 after purchasing an additional 1,037 shares during the last quarter. Von Berge Wealth Management Group LLC purchased a new stake in Intel in the fourth quarter worth approximately $230,000. Finally, Culbertson A N & Co. Inc. purchased a new stake in Intel in the fourth quarter worth approximately $213,000. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Intel Price Performance

Shares of NASDAQ INTC traded up $0.40 during mid-day trading on Friday, reaching $44.17. The company’s stock had a trading volume of 54,204,194 shares, compared to its average volume of 47,461,976. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The stock has a market capitalization of $186.75 billion, a P/E ratio of 113.26, a P/E/G ratio of 4.60 and a beta of 1.00. The stock has a 50-day moving average of $43.81 and a two-hundred day moving average of $42.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTCGet Free Report) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping 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 company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the firm posted $0.10 earnings per share. Intel’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Friday, February 23rd. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $32.00 to $50.00 in a research report on Friday, December 15th. Mizuho decreased their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, Stifel Nicolaus raised their price objective on shares of Intel from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $41.48.

View Our Latest Stock Analysis on INTC

Intel Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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