Aviance Capital Partners LLC Buys 3,426 Shares of Intel Co. (NASDAQ:INTC)

Aviance Capital Partners LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 33.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,714 shares of the chip maker’s stock after purchasing an additional 3,426 shares during the period. Aviance Capital Partners LLC’s holdings in Intel were worth $606,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Intel by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after purchasing an additional 4,678,169 shares during the period. Capital International Investors lifted its stake in Intel by 0.3% in the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock worth $4,855,099,000 after acquiring an additional 318,495 shares during the period. Primecap Management Co. CA lifted its stake in Intel by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after acquiring an additional 475,636 shares during the period. Norges Bank purchased a new stake in Intel in the fourth quarter worth about $2,424,202,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after acquiring an additional 31,575,084 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on INTC shares. Susquehanna reduced their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Sanford C. Bernstein lowered their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Truist Financial lowered their price objective on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, HSBC decreased their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.58.

Insider Activity at Intel

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

Intel Trading Down 0.5 %

Shares of NASDAQ:INTC traded down $0.15 during midday trading on Monday, reaching $30.82. 5,574,076 shares of the company’s stock were exchanged, compared to its average volume of 46,513,273. The firm’s 50 day simple moving average is $31.08 and its two-hundred day simple moving average is $39.46. 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 stock has a market cap of $131.20 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 14.76 and a beta of 1.05. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, sell-side analysts forecast that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently announced 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. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

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.