Prosperity Consulting Group LLC Acquires 2,556 Shares of Intel Co. (NASDAQ:INTC)

Prosperity Consulting Group LLC grew its stake in Intel Co. (NASDAQ:INTC) by 34.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the chip maker’s stock after purchasing an additional 2,556 shares during the period. Prosperity Consulting Group LLC’s holdings in Intel were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Slow Capital Inc. boosted its stake in shares of Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares in the last quarter. Altus Wealth Group LLC raised its position in shares of Intel by 29.4% during 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 last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Intel by 3.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after acquiring an additional 2,915 shares during the period. Alera Investment Advisors LLC bought a new position in Intel in the fourth quarter valued at about $201,000. Finally, Brookstone Capital Management increased its position in Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Truist Financial dropped their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Evercore ISI decreased their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday, April 26th. Susquehanna cut their target price on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Finally, Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.58.

Intel Stock Up 2.5 %

INTC traded up $0.79 on Friday, hitting $32.02. 45,309,446 shares of the company were exchanged, compared to its average volume of 34,048,632. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock’s fifty day moving average is $30.81 and its 200-day moving average is $39.05. The company has a market cap of $136.31 billion, a PE ratio of 33.35, a PEG ratio of 14.89 and a beta of 1.05. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Equities research analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.56%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price 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 of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the 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 acquisition, the chief executive officer now 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 corporate 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.