Intel Co. (NASDAQ:INTC) Position Boosted by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 203.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 118,873 shares of the chip maker’s stock after buying an additional 79,694 shares during the quarter. Intel accounts for about 0.8% of Twin Capital Management Inc.’s holdings, making the stock its 20th biggest holding. Twin Capital Management Inc.’s holdings in Intel were worth $5,973,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its stake in Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after acquiring an additional 51,083,262 shares during the period. Norges Bank acquired a new position in Intel in the fourth quarter valued at approximately $1,092,939,000. Clearbridge Investments LLC boosted its stake in Intel by 4,407.3% in the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after acquiring an additional 16,074,485 shares during the period. Barclays PLC boosted its stake in Intel by 171.1% in the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after acquiring an additional 13,507,774 shares during the period. Finally, Morgan Stanley boosted its stake in Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after acquiring an additional 12,241,200 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts have commented on INTC shares. Morgan Stanley lifted their target price on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Raymond James reduced their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Truist Financial reiterated a “hold” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Susquehanna reduced their price objective on Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Citigroup dropped their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus target price of $42.62.

Intel Stock Performance

Shares of INTC traded down $0.60 during trading hours on Thursday, reaching $35.08. 15,969,971 shares of the company traded hands, compared to its average volume of 46,493,789. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. 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 stock has a market cap of $148.32 billion, a P/E ratio of 91.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. The stock’s fifty day moving average is $42.18 and its 200 day moving average is $42.35.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm 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 quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Equities research analysts anticipate that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. Intel’s dividend payout ratio (DPR) is currently 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.