Ceeto Capital Group LLC Acquires 1,000 Shares of Intel Co. (NASDAQ:INTC)

Ceeto Capital Group LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,500 shares of the chip maker’s stock after buying an additional 1,000 shares during the period. Ceeto Capital Group LLC’s holdings in Intel were worth $552,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Burkett Financial Services LLC bought a new stake in Intel during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC bought a new stake in Intel during the fourth quarter worth about $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new stake in shares of Intel in the 4th quarter valued at about $37,000. Finally, Bare Financial Services Inc bought a new stake in shares of Intel in the 4th quarter valued at about $39,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein lowered their target price on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Morgan Stanley lowered their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Barclays lowered their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Jefferies Financial Group started coverage on Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 target price for the company. Finally, Citigroup lowered their price target on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $39.25.

Insiders Place Their Bets

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

Intel Stock Up 0.8 %

INTC stock traded up $0.25 on Friday, reaching $31.35. 38,352,543 shares of the company traded hands, compared to its average volume of 52,697,092. The company has a market cap of $133.46 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 18.76 and a beta of 1.05. The firm has a fifty day simple moving average of $31.63 and a 200-day simple moving average of $37.36. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Research analysts anticipate that Intel Co. will post 0.07 earnings per share for the current year.

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.