Tributary Capital Management LLC Invests $27,000 in Intel Co. (NASDAQ:INTC)

Tributary Capital Management LLC bought a new position in Intel Co. (NASDAQ:INTC) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 600 shares of the chip maker’s stock, valued at approximately $27,000.

Other institutional investors have also made changes to their positions in the company. Slow Capital Inc. increased its position in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares in the last quarter. Altus Wealth Group LLC boosted its holdings in shares of Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Intel by 3.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after acquiring an additional 2,915 shares during the last quarter. Alera Investment Advisors LLC acquired a new stake in Intel in the fourth quarter valued at approximately $201,000. Finally, Brookstone Capital Management lifted its stake in Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after acquiring an additional 27,274 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on INTC shares. Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Wedbush reduced their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research note on Friday, April 26th. Sanford C. Bernstein reduced their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. UBS Group boosted their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday, April 26th. Three 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.com, the company currently has an average rating of “Hold” and an average price target of $39.58.

Intel Stock Up 0.7 %

Shares of NASDAQ:INTC opened at $31.07 on Wednesday. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company’s fifty day moving average is $31.01 and its 200-day moving average is $39.36. The company has a market capitalization of $132.26 billion, a PE ratio of 32.36, a P/E/G ratio of 14.76 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued 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 net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Equities research analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders 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 annualized dividend and a dividend yield of 1.61%. Intel’s dividend payout ratio is presently 52.08%.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price 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 in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Intel Company Profile

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.