10,193 Shares in Intel Co. (NASDAQ:INTC) Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC purchased a new stake in Intel Co. (NASDAQ:INTC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,193 shares of the chip maker’s stock, valued at approximately $450,000.

Other large investors also recently bought and sold shares of the company. New Millennium Group LLC lifted its holdings in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC acquired a new position in shares of Intel during the 1st quarter worth approximately $27,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after buying an additional 362 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 0.8 %

Shares of INTC traded up $0.28 during mid-day trading on Wednesday, reaching $34.87. The company’s stock had a trading volume of 52,146,203 shares, compared to its average volume of 47,164,734. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The stock has a market cap of $148.44 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 16.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company’s 50 day moving average is $30.94 and its 200 day moving average is $38.76.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Equities analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. Intel’s dividend payout ratio is presently 52.08%.

Analyst Ratings Changes

Several analysts recently commented on INTC shares. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, April 26th. Susquehanna dropped their price target on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Jefferies Financial Group began coverage on Intel in a research report on Monday, May 13th. They set a “hold” rating and a $34.00 price target for the company. Roth Mkm dropped their target price on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Benchmark restated a “buy” rating and issued a $62.00 target price 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 given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.58.

Insider Buying and Selling

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

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.