Tilt Investment Management Holdings PBC Sells 4,958 Shares of Intel Co. (NASDAQ:INTC)

Tilt Investment Management Holdings PBC lowered its position in Intel Co. (NASDAQ:INTC) by 22.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,821 shares of the chip maker’s stock after selling 4,958 shares during the quarter. Intel accounts for about 0.9% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 22nd largest position. Tilt Investment Management Holdings PBC’s holdings in Intel were worth $845,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after buying an additional 51,083,262 shares during the period. Norges Bank acquired a new stake in Intel during the 4th quarter valued at $1,092,939,000. Clearbridge Investments LLC increased its holdings in Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after purchasing an additional 16,074,485 shares in the last quarter. Barclays PLC increased its holdings in Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after purchasing an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after purchasing an additional 12,241,200 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 2.0 %

NASDAQ INTC traded down $0.71 on Thursday, reaching $34.97. The company had a trading volume of 23,771,024 shares, compared to its average volume of 46,601,566. The firm has a market cap of $147.85 billion, a price-to-earnings ratio of 89.75, a P/E/G ratio of 3.21 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The business has a 50 day moving average of $42.18 and a two-hundred day moving average of $42.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. Analysts forecast that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.43%. Intel’s payout ratio is 128.21%.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 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 transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 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 transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on INTC. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Friday, February 23rd. Wedbush restated a “neutral” rating and issued a $40.00 price target on shares of Intel in a report on Wednesday. Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Truist Financial reissued a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Raymond James lowered their price target on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. 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 has a consensus rating of “Hold” and a consensus price target of $42.62.

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.