MJP Associates Inc. ADV Makes New Investment in Intel Co. (NASDAQ:INTC)

MJP Associates Inc. ADV acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,801 shares of the chip maker’s stock, valued at approximately $342,000.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its holdings in Intel by 14.0% in the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock worth $234,000 after purchasing an additional 808 shares during the last quarter. Shepherd Financial Partners LLC raised its position in shares of Intel by 3.4% during the second quarter. Shepherd Financial Partners LLC now owns 18,339 shares of the chip maker’s stock worth $613,000 after acquiring an additional 607 shares during the last quarter. Vanguard Capital Wealth Advisors grew its position in shares of Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after buying an additional 574 shares during the period. Waverly Advisors LLC raised its position in shares of Intel by 14.9% in the 3rd quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock valued at $2,021,000 after acquiring an additional 7,362 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in Intel by 44.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock worth $3,876,000 after buying an additional 25,428 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Friday, February 23rd. Benchmark boosted their target price on shares of Intel from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their price target for the company from $32.00 to $50.00 in a research report on Friday, December 15th. Raymond James decreased their target price on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Truist Financial cut their price target on shares of Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $41.48.

Intel Trading Up 0.8 %

NASDAQ:INTC traded up $0.37 during mid-day trading on Thursday, reaching $44.14. The company’s stock had a trading volume of 52,987,189 shares, compared to its average volume of 45,140,152. The company’s fifty day simple moving average is $43.98 and its two-hundred day simple moving average is $42.01. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a market cap of $186.62 billion, a P/E ratio of 113.87, a P/E/G ratio of 4.38 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. On average, equities analysts predict that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

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.