Capital Asset Advisory Services LLC Has $2.69 Million Position in Intel Co. (NASDAQ:INTC)

Capital Asset Advisory Services LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 16.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,988 shares of the chip maker’s stock after buying an additional 8,658 shares during the period. Capital Asset Advisory Services LLC’s holdings in Intel were worth $2,694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Intel by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after purchasing an additional 4,678,169 shares in the last quarter. Capital International Investors boosted its stake in shares of Intel by 0.3% in the 4th quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock valued at $4,855,099,000 after purchasing an additional 318,495 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after purchasing an additional 475,636 shares in the last quarter. Norges Bank acquired a new stake in shares of Intel in the 4th quarter valued at $2,424,202,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Intel by 543.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after purchasing an additional 31,575,084 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Transactions at Intel

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

Analysts Set New Price Targets

A number of research firms recently issued reports on INTC. Morgan Stanley cut their price target on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Jefferies Financial Group initiated coverage on Intel in a report on Monday, May 13th. They set a “hold” rating and a $34.00 price objective for the company. Evercore ISI dropped their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Performance

INTC traded up $0.38 during trading hours on Friday, reaching $30.97. The company’s stock had a trading volume of 41,443,296 shares, compared to its average volume of 46,840,477. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The company’s 50-day moving average is $31.24 and its 200-day moving average is $39.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The firm has a market cap of $131.84 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 14.56 and a beta of 1.06.

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

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.