Disciplined Equity Management Inc. Purchases New Position in Intel Co. (NASDAQ:INTC)

Disciplined Equity Management Inc. purchased a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,500 shares of the chip maker’s stock, valued at approximately $126,000.

Several other large investors have also made changes to their positions in INTC. California Public Employees Retirement System grew its stake in shares of Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after buying an additional 8,140,835 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Intel by 18.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after purchasing an additional 6,064,950 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Intel by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after purchasing an additional 5,217,549 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in Intel in the 4th quarter worth approximately $251,250,000. Finally, Parnassus Investments LLC lifted its holdings in Intel by 24.7% in the 3rd quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock worth $830,773,000 after purchasing an additional 4,631,905 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Intel Price Performance

Shares of INTC stock traded up $0.22 during trading hours on Wednesday, hitting $34.50. 53,139,284 shares of the company’s stock were exchanged, compared to its average volume of 47,006,406. The stock’s 50-day moving average is $41.29 and its 200-day moving average is $42.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a market cap of $145.87 billion, a price-to-earnings ratio of 88.46, a price-to-earnings-growth ratio of 3.09 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. As a group, research analysts forecast that Intel Co. will post 0.61 EPS for the current year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on INTC shares. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, February 23rd. The Goldman Sachs Group boosted their target price on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. HSBC cut their price target on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday. Evercore ISI initiated coverage on Intel in a report on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price target for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $42.38.

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.