Waterloo Capital L.P. Makes New $251,000 Investment in Intel Co. (NASDAQ:INTC)

Waterloo Capital L.P. bought a new position in shares of Intel Co. (NASDAQ:INTCFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,003 shares of the chip maker’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Schroder Investment Management Group raised its position in shares of Intel by 15.2% in the fourth quarter. Schroder Investment Management Group now owns 18,275,131 shares of the chip maker’s stock valued at $918,325,000 after buying an additional 2,409,128 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd raised its position in shares of Intel by 115.4% in the fourth quarter. Central Asset Investments & Management Holdings HK Ltd now owns 12,881 shares of the chip maker’s stock valued at $647,000 after buying an additional 6,900 shares during the last quarter. Prudential PLC raised its position in shares of Intel by 8.2% in the fourth quarter. Prudential PLC now owns 297,932 shares of the chip maker’s stock valued at $14,971,000 after buying an additional 22,593 shares during the last quarter. Broderick Brian C raised its position in shares of Intel by 23.6% in the fourth quarter. Broderick Brian C now owns 15,710 shares of the chip maker’s stock valued at $789,000 after buying an additional 3,000 shares during the last quarter. Finally, Kolinsky Wealth Management LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $277,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

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

Intel Price Performance

Shares of INTC opened at $30.74 on Monday. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market capitalization of $130.86 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 14.65 and a beta of 1.06. The business has a 50-day moving average of $33.30 and a 200-day moving average of $40.81.

Intel (NASDAQ:INTCGet Free Report) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. As a group, equities research analysts anticipate that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders 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 dividend on an annualized basis and a yield of 1.63%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research analyst reports. Truist Financial dropped their price target 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. Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Barclays cut their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $39.58.

Check Out Our Latest Stock Analysis on INTC

About Intel

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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