Santori & Peters Inc. Makes New Investment in Intel Co. (NASDAQ:INTC)

Santori & Peters Inc. bought a new stake in Intel Co. (NASDAQ:INTC) during the 4th quarter, HoldingsChannel reports. The fund bought 4,619 shares of the chip maker’s stock, valued at approximately $232,000.

Other large investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its stake in shares of Intel by 102.6% during the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $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 third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after acquiring an additional 6,064,950 shares during the period. Wellington Management Group LLP boosted its position in shares of Intel by 17.8% during 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 in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Intel during the 4th quarter worth $251,250,000. Finally, Parnassus Investments LLC increased its holdings in shares of Intel by 24.7% in the 3rd quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock valued at $830,773,000 after purchasing an additional 4,631,905 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTC has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday. The Goldman Sachs Group decreased their target price on Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Friday. HSBC dropped their price target on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Evercore ISI cut their price target on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday. Finally, Morgan Stanley lowered their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.75.

Intel Trading Down 1.6 %

INTC stock traded down $0.52 on Monday, hitting $31.36. 58,435,637 shares of the company were exchanged, compared to its average volume of 48,273,238. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a market capitalization of $132.59 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The business’s fifty day moving average is $40.88 and its two-hundred day moving average is $42.30.

Intel (NASDAQ:INTC) last released 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. The business 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 2.19% and a net margin of 7.36%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. As a group, research analysts forecast that Intel Co. will post 0.6 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

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.