Coldstream Capital Management Inc. Acquires New Position in Intel Co. (NASDAQ:INTC)

Coldstream Capital Management Inc. acquired a new stake in shares of Intel Co. (NASDAQ:INTC – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 82,704 shares of the chip maker’s stock, valued at approximately $2,186,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Grayhawk Investment Strategies Inc. bought a new stake in Intel in the second quarter worth approximately $36,000. Lumature Wealth Partners LLC grew its position in Intel by 146.7% in the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after acquiring an additional 490 shares in the last quarter. O Dell Group LLC grew its position in Intel by 258.1% in the third quarter. O Dell Group LLC now owns 974 shares of the chip maker’s stock worth $25,000 after acquiring an additional 702 shares in the last quarter. Islay Capital Management LLC bought a new stake in Intel in the third quarter worth approximately $26,000. Finally, Mach 1 Financial Group LLC bought a new stake in Intel in the third quarter worth approximately $29,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Intel stock opened at $29.81 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. Intel Co. has a 1 year low of $24.59 and a 1 year high of $52.51. The company has a market cap of $123.32 billion, a PE ratio of 15.21, a PEG ratio of 8.95 and a beta of 0.81. The company’s 50-day moving average is $28.09 and its two-hundred day moving average is $28.14.

Intel (NASDAQ:INTC – Get Rating) last released its earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Intel had a net margin of 12.71% and a return on equity of 7.45%. The business had revenue of $14.04 billion for the quarter, compared to analyst estimates of $14.49 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was down 31.6% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post 0.55 earnings per share for the current year.

Intel Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.68%. Intel’s dividend payout ratio is 74.49%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Intel in a research report on Thursday. They issued a “hold” rating for the company. Mizuho reduced their price objective on shares of Intel from $32.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. The Goldman Sachs Group set a $24.00 price objective on shares of Intel in a research note on Friday, January 27th. Credit Suisse Group set a $25.00 price objective on shares of Intel in a research note on Thursday, February 23rd. Finally, Bank of America reduced their price objective on shares of Intel from $28.00 to $25.00 and set an “underperform” rating for the company in a research note on Friday, January 27th. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.38.

Insider Activity at Intel

In other news, CFO David Zinsner purchased 1,800 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were acquired at an average cost of $27.89 per share, for a total transaction of $50,202.00. Following the transaction, the chief financial officer now directly owns 17,450 shares of the company’s stock, valued at approximately $486,680.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO David Zinsner purchased 1,800 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were acquired at an average cost of $27.89 per share, for a total transaction of $50,202.00. Following the transaction, the chief financial officer now directly owns 17,450 shares of the company’s stock, valued at approximately $486,680.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 9,700 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The stock was purchased at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the transaction, the chief executive officer now directly owns 18,700 shares in the company, valued at $480,216. The disclosure for this purchase can be found here. Insiders have bought 20,500 shares of company stock worth $549,768 in the last ninety days. Company insiders own 0.02% of the company’s stock.

Intel Profile

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.