Cross Staff Investments Inc Acquires New Shares in Intel Co. (NASDAQ:INTC)

Cross Staff Investments Inc bought a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, HoldingsChannel reports. The fund bought 4,846 shares of the chip maker’s stock, valued at approximately $244,000.

Other large investors have also bought and sold shares of the company. Meritage Portfolio Management increased its stake in shares of Intel by 2.6% during the fourth quarter. Meritage Portfolio Management now owns 40,845 shares of the chip maker’s stock worth $2,052,000 after purchasing an additional 1,049 shares during the period. Bank of New Hampshire boosted its stake in shares of Intel by 14.4% in the 4th quarter. Bank of New Hampshire now owns 10,051 shares of the chip maker’s stock valued at $505,000 after purchasing an additional 1,267 shares during the last quarter. Nadler Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter worth approximately $303,000. Disciplined Equity Management Inc. bought a new stake in Intel in the 4th quarter valued at about $126,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Intel by 5.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 95,412 shares of the chip maker’s stock valued at $4,794,000 after buying an additional 5,350 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays reduced their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday. Roth Mkm lowered their price target on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday. Evercore ISI cut their price target on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday. Morgan Stanley cut their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $39.75.

Insider Buying and Selling at Intel

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

Intel Trading Down 9.4 %

INTC stock traded down $3.29 during trading on Friday, reaching $31.82. 97,403,716 shares of the stock traded hands, compared to its average volume of 47,815,855. The business’s 50 day moving average price is $41.11 and its 200-day moving average price is $42.25. The firm has a market capitalization of $134.53 billion, a PE ratio of 81.28, a P/E/G ratio of 3.13 and a beta of 1.00. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. 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 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 firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the business posted $0.10 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Co. will post 0.6 earnings per share for the current year.

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.