Ceeto Capital Group LLC Buys 1,000 Shares of Intel Co. (NASDAQ:INTC)

Ceeto Capital Group LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,500 shares of the chip maker’s stock after buying an additional 1,000 shares during the period. Ceeto Capital Group LLC’s holdings in Intel were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new position in Intel during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC bought a new position in shares of Intel during the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new position in shares of Intel during the 4th quarter valued at about $37,000. Finally, Bare Financial Services Inc bought a new position in shares of Intel during the 4th quarter valued at about $39,000. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

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

Intel Price Performance

Shares of NASDAQ:INTC traded up $0.25 during trading on Friday, reaching $31.35. 38,352,543 shares of the company traded hands, compared to its average volume of 52,697,092. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The firm has a market capitalization of $133.46 billion, a PE ratio of 32.66, a PEG ratio of 18.76 and a beta of 1.05. The company’s 50 day moving average is $31.63 and its two-hundred day moving average is $37.36.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share 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 the consensus estimate of $12.76 billion. As a group, sell-side analysts predict that Intel Co. will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTC. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, April 26th. Morgan Stanley cut their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Jefferies Financial Group began coverage on Intel in a report on Monday, May 13th. They set a “hold” rating and a $34.00 price objective on the stock. Mizuho cut their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, Sanford C. Bernstein cut their target price on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $39.25.

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.