Fairview Capital Investment Management LLC Has $3.64 Million Stake in Intel Co. (NASDAQ:INTC)

Fairview Capital Investment Management LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,375 shares of the chip maker’s stock after selling 3,559 shares during the quarter. Fairview Capital Investment Management LLC’s holdings in Intel were worth $3,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. New Millennium Group LLC increased its stake in shares of 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 during the period. Frazier Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. increased its stake in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC traded up $0.63 during trading hours on Wednesday, reaching $30.66. 24,188,166 shares of the company’s stock traded hands, compared to its average volume of 47,827,152. The stock has a market cap of $130.52 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 14.44 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm’s 50 day simple moving average is $34.10 and its 200-day simple moving average is $41.09. Intel Co. has a 12 month low of $29.69 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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 business had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Equities analysts expect that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued 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 dividend yield of 1.63%. Intel’s dividend payout ratio is 52.08%.

Analysts Set New Price Targets

Several brokerages recently commented on INTC. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. Roth Mkm cut their price target on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Finally, Barclays lowered their price target on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $39.58.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

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.