Tennessee Valley Asset Management Partners Takes $117,000 Position in Intel Co. (NASDAQ:INTC)

Tennessee Valley Asset Management Partners purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,333 shares of the chip maker’s stock, valued at approximately $117,000.

Several other institutional investors have also recently bought and sold shares of INTC. Douglas Lane & Associates LLC raised its holdings in Intel by 3.6% in the 3rd quarter. Douglas Lane & Associates LLC now owns 45,999 shares of the chip maker’s stock worth $1,635,000 after acquiring an additional 1,600 shares during the period. Traynor Capital Management Inc. increased its holdings in shares of Intel by 7.0% during the 3rd quarter. Traynor Capital Management Inc. now owns 9,939 shares of the chip maker’s stock worth $353,000 after purchasing an additional 648 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Intel by 8.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock worth $1,072,000 after purchasing an additional 2,369 shares during the period. Impact Partnership Wealth LLC increased its holdings in shares of Intel by 85.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock worth $148,000 after purchasing an additional 1,922 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Intel by 70.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,648 shares of the chip maker’s stock worth $414,000 after purchasing an additional 4,800 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of several research reports. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, February 23rd. Morgan Stanley lifted their target price on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Wells Fargo & Company decreased their target price on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 9th. Mizuho decreased their target price on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, UBS Group lifted their target price on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $42.62.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction on Monday, January 29th. The stock was 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 of the company’s stock, valued at $1,234,676. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction on Monday, January 29th. The stock was 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 of the company’s stock, valued at $1,234,676. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value 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 disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Trading Up 0.6 %

INTC opened at $34.41 on Tuesday. 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 company has a market cap of $145.49 billion, a price-to-earnings ratio of 88.23, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The firm has a 50 day simple moving average of $41.66 and a 200 day simple moving average of $42.37. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly 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 business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, 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. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is presently 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.