Tokio Marine Asset Management Co. Ltd. Purchases 5,350 Shares of Intel Co. (NASDAQ:INTC)

Tokio Marine Asset Management Co. Ltd. grew its position in Intel Co. (NASDAQ:INTC) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,412 shares of the chip maker’s stock after acquiring an additional 5,350 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Intel were worth $4,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Slow Capital Inc. increased its stake 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 valued at $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC raised its stake in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC acquired a new position in shares of Intel during the fourth quarter worth approximately $201,000. Vanguard Capital Wealth Advisors grew its stake in shares of Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the last quarter. Finally, Prosperity Wealth Management Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $293,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

INTC has been the topic of several research reports. Wells Fargo & Company reduced their price objective on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Bank of America lowered their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.38.

Intel Stock Up 0.6 %

Shares of INTC stock traded up $0.22 during trading on Wednesday, reaching $34.50. The company’s stock had a trading volume of 53,139,284 shares, compared to its average volume of 47,006,406. The company 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 one year low of $26.85 and a one year high of $51.28. The business has a fifty day moving average price of $41.29 and a 200-day moving average price of $42.30. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping 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 company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the business posted $0.10 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts anticipate that Intel Co. will post 0.61 earnings per share for the current year.

Intel Dividend Announcement

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

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.