Lafayette Investments Inc. Has $2.81 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Lafayette Investments Inc. cut its position in Intel Co. (NASDAQ:INTC) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,920 shares of the chip maker’s stock after selling 1,046 shares during the period. Lafayette Investments Inc.’s holdings in Intel were worth $2,810,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Barrett & Company Inc. raised its position in Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after purchasing an additional 210 shares during the period. Revolve Wealth Partners LLC raised its position in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after purchasing an additional 216 shares during the period. New Millennium Group LLC grew its stake in shares of Intel by 87.2% during 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 during the last quarter. Waldron Private Wealth LLC grew its stake in shares of Intel by 0.6% during 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 during the last quarter. Finally, Spreng Capital Management Inc. grew its stake in shares of Intel by 1.3% during 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 during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INTC. Susquehanna cut their target price on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group upped their target price on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Wells Fargo & Company cut their target price on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 26th. Finally, UBS Group increased their price objective on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.62.

Insider Buying and Selling

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

Intel Stock Down 1.0 %

Shares of INTC traded down $0.34 during midday trading on Friday, hitting $34.70. 16,551,599 shares of the company’s stock traded hands, compared to its average volume of 46,448,484. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The firm’s fifty day moving average is $42.03 and its 200-day moving average is $42.30. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $146.71 billion, a price-to-earnings ratio of 89.08, a price-to-earnings-growth ratio of 3.20 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, sell-side analysts anticipate that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.44%. Intel’s dividend payout ratio (DPR) is 128.21%.

Intel 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.