Bigelow Investment Advisors LLC Makes New $226,000 Investment in Intel Co. (NASDAQ:INTC)

Bigelow Investment Advisors LLC acquired a new position in shares of 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 institutional investor acquired 4,493 shares of the chip maker’s stock, valued at approximately $226,000.

Several other large investors have also added to or reduced their stakes in INTC. Moneta Group Investment Advisors LLC lifted its position in Intel by 100,953.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after acquiring an additional 51,083,262 shares in the last quarter. Norges Bank bought a new position in Intel in the 4th quarter valued at about $1,092,939,000. Clearbridge Investments LLC lifted its position in Intel by 4,407.3% in the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after acquiring an additional 16,074,485 shares in the last quarter. Barclays PLC lifted its position in shares of Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock worth $715,773,000 after buying an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after buying an additional 12,241,200 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

INTC has been the topic of several recent analyst reports. TD Cowen dropped their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, February 23rd. The Goldman Sachs Group raised their price target on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Raymond James decreased their price target on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Finally, Benchmark restated a “buy” rating and set a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.62.

Intel Stock Performance

NASDAQ INTC opened at $34.20 on Friday. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market capitalization of $144.60 billion, a P/E ratio of 87.69, a P/E/G ratio of 3.15 and a beta of 1.00. The company has a fifty day moving average of $41.85 and a 200-day moving average of $42.29.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $15.16 billion. During the same period in the previous year, the firm posted $0.10 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

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.