Eudaimonia Advisors LLC Has $438,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Eudaimonia Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,724 shares of the chip maker’s stock after purchasing an additional 1,328 shares during the period. Eudaimonia Advisors LLC’s holdings in Intel were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INTC. Slow Capital Inc. lifted its stake in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares during the period. Altus Wealth Group LLC lifted its stake in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the period. Alera Investment Advisors LLC acquired a new position in shares of Intel in the fourth quarter worth approximately $201,000. Vanguard Capital Wealth Advisors lifted its stake in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after acquiring an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. acquired a new position in shares of Intel in the fourth quarter worth approximately $293,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

INTC traded down $0.13 during trading on Tuesday, reaching $34.28. 46,719,967 shares of the company were exchanged, compared to its average volume of 46,893,191. The company’s 50-day moving average is $41.66 and its two-hundred day moving average is $42.37. The company has a market cap of $144.94 billion, a price-to-earnings ratio of 87.90, a P/E/G ratio of 3.07 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.10 EPS. Research analysts forecast that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders 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 1.46%. Intel’s dividend payout ratio is currently 128.21%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INTC shares. UBS Group lifted their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Evercore ISI started coverage on Intel in a report on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 target price for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Raymond James lowered their target price on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Finally, Morgan Stanley lifted their target price on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.38.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’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 purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase 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 dated Monday, January 29th. The shares were purchased at an average price 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 in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

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.