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

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 5.9% in the fourth quarter, Holdings Channel reports. The fund owned 95,412 shares of the chip maker’s stock after acquiring an additional 5,350 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Intel were worth $4,794,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of INTC. Atria Wealth Solutions Inc. raised its stake in shares of Intel by 43.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 355,202 shares of the chip maker’s stock valued at $17,849,000 after buying an additional 107,581 shares during the period. Wynn Capital LLC bought a new stake in Intel in the 4th quarter valued at about $1,632,000. Bfsg LLC bought a new position in Intel during the fourth quarter worth about $82,000. Harvest Fund Management Co. Ltd increased its stake in shares of Intel by 64.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 56,130 shares of the chip maker’s stock worth $2,820,000 after purchasing an additional 22,025 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. raised its position in shares of Intel by 2,035.0% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 4,270 shares of the chip maker’s stock valued at $215,000 after purchasing an additional 4,070 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC traded up $0.22 during midday trading on Wednesday, hitting $34.50. The stock had a trading volume of 53,139,284 shares, compared to its average volume of 47,006,406. 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 business has a fifty day moving average of $41.29 and a 200 day moving average of $42.30. The company has a market cap of $145.87 billion, a P/E ratio of 88.46, a price-to-earnings-growth ratio of 3.09 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share 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 during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts forecast that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently disclosed 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 was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Truist Financial reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Citigroup reduced their price target on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. HSBC dropped their price objective on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday. Bank of America decreased their price target on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Barclays increased their price target on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $42.38.

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 shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following 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 filing with the SEC, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction on Monday, January 29th. The shares were bought 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 approximately $1,234,676. The disclosure for this purchase can be found here. 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.