Blackston Financial Advisory Group LLC Invests $261,000 in Intel Co. (NASDAQ:INTC)

Blackston Financial Advisory Group LLC purchased a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,191 shares of the chip maker’s stock, valued at approximately $261,000.

A number of other institutional investors also recently made changes to their positions in INTC. Moneta Group Investment Advisors LLC lifted its stake in Intel by 100,953.1% during the fourth 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 purchasing an additional 51,083,262 shares during the last quarter. Norges Bank acquired a new stake in shares of Intel during the fourth quarter valued at approximately $1,092,939,000. Clearbridge Investments LLC raised its holdings in shares of Intel by 4,407.3% during the first 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 during the period. Barclays PLC raised its holdings in shares of Intel by 171.1% during the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after acquiring an additional 13,507,774 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Intel by 29.8% during the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after acquiring an additional 12,241,200 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 4.2 %

Intel stock opened at $43.77 on Thursday. The company’s 50 day simple moving average is $43.98 and its 200 day simple moving average is $42.01. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The firm has a market capitalization of $185.06 billion, a price-to-earnings ratio of 112.23, a PEG ratio of 4.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating 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 firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Intel Co. will post 0.64 EPS for the current year.

Intel Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is currently 128.21%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of 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. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on INTC. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday, February 23rd. Truist Financial dropped their price objective on shares of Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Morgan Stanley upped their price objective on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Finally, Susquehanna upped their price objective on shares of Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $41.48.

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.