Xponance Inc. Grows Position in Intel Co. (NASDAQ:INTC)

Xponance Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 600,318 shares of the chip maker’s stock after acquiring an additional 44,808 shares during the period. Xponance Inc.’s holdings in Intel were worth $30,166,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New Millennium Group LLC raised its stake in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Intel in the second quarter valued at $25,000. Legacy Financial Group LLC purchased a new stake in shares of Intel in the third quarter valued at $30,000. Milestone Investment Advisors LLC purchased a new stake in shares of Intel in the first quarter valued at $32,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INTC shares. The Goldman Sachs Group increased their target price on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Evercore ISI started coverage on shares of Intel in a research note on Tuesday. They issued an “in-line” rating and a $40.00 target price on the stock. UBS Group increased their target price on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Susquehanna reduced their target price on shares of Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Truist Financial restated a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $42.62.

Insider Activity at Intel

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

Intel Stock Down 1.8 %

Shares of NASDAQ:INTC traded down $0.64 during trading on Thursday, reaching $35.04. The stock had a trading volume of 41,899,008 shares, compared to its average volume of 46,698,898. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The company has a market capitalization of $148.15 billion, a P/E ratio of 89.75, a PEG ratio of 3.21 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $42.18 and its 200 day simple moving average is $42.35.

Intel (NASDAQ:INTC) last released its quarterly 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. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. As a group, research analysts expect that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Dividend Announcement

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

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.