Total Investment Management Inc. Buys New Shares in Intel Co. (NASDAQ:INTC)

Total Investment Management Inc. purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 4,925 shares of the chip maker’s stock, valued at approximately $247,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Intel by 0.4% during the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after acquiring an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after purchasing an additional 4,226,790 shares in the last quarter. Northern Trust Corp boosted its position in shares of Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after purchasing an additional 1,626,127 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Intel by 18.6% in the 3rd 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 buying an additional 6,064,950 shares during the period. Finally, Invesco Ltd. increased its position in Intel by 13.4% in the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after buying an additional 4,222,381 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Insider Activity

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

Intel Stock Performance

NASDAQ INTC opened at $31.88 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market capitalization of $134.79 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.89 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 50-day simple moving average of $40.88 and a 200 day simple moving average of $42.27.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the business posted $0.10 EPS. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, research analysts predict that Intel Co. will post 0.6 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. Intel’s payout ratio is presently 52.08%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on INTC shares. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday. Wells Fargo & Company cut their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Friday. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Bank of America dropped their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.75.

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.