CloudAlpha Capital Management Limited Hong Kong Makes New Investment in Intel Co. (NASDAQ:INTC)

CloudAlpha Capital Management Limited Hong Kong bought a new position in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 613,000 shares of the chip maker’s stock, valued at approximately $30,803,000. Intel comprises 2.8% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 8th largest holding.

Several other institutional investors also recently modified their holdings of INTC. New Millennium Group LLC boosted its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in Intel in the second quarter worth $25,000. Legacy Financial Group LLC bought a new stake in shares of Intel in the third quarter valued at $30,000. Milestone Investment Advisors LLC bought a new stake in shares of Intel in the first quarter valued at $32,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on INTC shares. Susquehanna lowered their price objective on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group raised their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Friday, February 23rd. Finally, HSBC decreased their price objective on Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.62.

Intel Trading Down 1.6 %

INTC stock traded down $0.58 on Wednesday, reaching $35.68. The company’s stock had a trading volume of 41,113,387 shares, compared to its average volume of 46,921,742. The firm has a market cap of $150.86 billion, a PE ratio of 91.28, a PEG ratio of 3.21 and a beta of 1.00. The business has a fifty day simple moving average of $42.32 and a two-hundred day simple moving average of $42.40. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that Intel Co. will post 0.62 EPS for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Intel 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.