Montag A & Associates Inc. Purchases 425 Shares of Intel Co. (NASDAQ:INTC)

Montag A & Associates Inc. increased its position in Intel Co. (NASDAQ:INTC) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,733 shares of the chip maker’s stock after purchasing an additional 425 shares during the period. Montag A & Associates Inc.’s holdings in Intel were worth $1,595,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. California Public Employees Retirement System raised its stake in shares of Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after purchasing an additional 8,140,835 shares during the last quarter. Wellington Management Group LLP lifted its stake in Intel by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after acquiring an additional 5,217,549 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Intel during the 4th quarter worth $251,250,000. Parnassus Investments LLC raised its holdings in shares of Intel by 24.7% in the third quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock valued at $830,773,000 after purchasing an additional 4,631,905 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Intel by 6.0% during the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after purchasing an additional 4,226,790 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. TD Cowen reduced their price objective on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Bank of America lowered their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Evercore ISI reduced their price target on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $39.62.

Intel Price Performance

Shares of INTC stock traded up $0.09 during trading on Thursday, hitting $30.09. The company had a trading volume of 44,969,696 shares, compared to its average volume of 48,537,344. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The stock has a market capitalization of $128.09 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09. 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 stock’s 50-day moving average is $38.62 and its two-hundred day moving average is $41.88.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

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.