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

Capital Asset Advisory Services LLC raised its stake in Intel Co. (NASDAQ:INTC) by 16.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,988 shares of the chip maker’s stock after acquiring an additional 8,658 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Intel were worth $2,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barrett & Company Inc. boosted its stake in Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares in the last quarter. New Millennium Group LLC lifted its stake 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 buying an additional 231 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. lifted its stake in Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after buying an additional 246 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on INTC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. The Goldman Sachs Group cut their price target on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. Jefferies Financial Group began coverage on shares of Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 price target on the stock. Bank of America lowered their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Sanford C. Bernstein lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Performance

Shares of INTC stock traded up $0.38 on Friday, hitting $30.97. The company’s stock had a trading volume of 41,443,296 shares, compared to its average volume of 46,840,477. 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 stock’s 50 day moving average is $31.24 and its 200-day moving average is $39.68. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The company has a market capitalization of $131.84 billion, a PE ratio of 32.47, a PEG ratio of 14.56 and a beta of 1.06.

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

Intel Dividend Announcement

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

Insiders Place Their Bets

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

About Intel

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.