Syon Capital LLC Buys Shares of 6,188 Intel Co. (NASDAQ:INTC) (2024)

Posted by Defense World Staff on Jun 18th, 2024

Syon Capital LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,188 shares of the chip maker’s stock, valued at approximately $311,000.

A number of other institutional investors also recently modified their holdings of INTC. New Millennium Group LLC lifted its stake in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Burkett Financial Services LLC bought a new position in Intel in the 4th quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in Intel in the 4th quarter worth $27,000. Valued Wealth Advisors LLC bought a new position in Intel in the 4th quarter worth $36,000. Finally, Signature Resources Capital Management LLC bought a new position in Intel in the 4th quarter worth $37,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on INTC. Jefferies Financial Group began coverage on shares of Intel in a report on Monday, May 13th. They issued a “hold” rating and a $34.00 target price on the stock. The Goldman Sachs Group dropped their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company dropped their price objective 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. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, April 26th. Finally, Wedbush dropped their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.58.

View Our Latest Report on Intel

Insiders Place Their Bets

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

Intel Trading Up 1.7 %

Shares of INTC opened at $30.98 on Tuesday. The firm’s 50 day simple moving average is $32.08 and its 200 day simple moving average is $40.24. The company has a market capitalization of $131.88 billion, a P/E ratio of 32.27, a P/E/G ratio of 14.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28.

Intel (NASDAQ:INTC – Get Free Report) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Sell-side analysts forecast that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Intel Company Profile

(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.

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