Golden State Equity Partners Acquires 345 Shares of Intel Co. (NASDAQ:INTC)

Golden State Equity Partners grew its holdings in Intel Co. (NASDAQ:INTC) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,785 shares of the chip maker’s stock after acquiring an additional 345 shares during the quarter. Golden State Equity Partners’ holdings in Intel were worth $542,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Total Investment Management Inc. bought a new position in shares of Intel during the fourth quarter worth about $247,000. Callan Capital LLC grew its stake in Intel by 9.1% in the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after purchasing an additional 1,474 shares in the last quarter. New Jersey Better Educational Savings Trust bought a new position in Intel in the fourth quarter valued at approximately $207,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in Intel by 10.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 239,504 shares of the chip maker’s stock valued at $12,035,000 after purchasing an additional 21,848 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Intel by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 2,381,786 shares of the chip maker’s stock valued at $119,685,000 after purchasing an additional 16,508 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Activity

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

Intel Stock Down 9.2 %

INTC traded down $3.23 during midday trading on Friday, reaching $31.88. 119,742,494 shares of the company were exchanged, compared to its average volume of 50,613,192. 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’s fifty day moving average price is $40.88 and its 200 day moving average price is $42.23. The company has a market cap of $134.79 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 3.19 and a beta of 1.00. Intel Co. has a one year low of $26.85 and a one year high of $51.28.

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. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. As a group, analysts expect that Intel Co. will post 0.6 EPS for the current year.

Intel Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on INTC shares. Wedbush cut their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday. The Goldman Sachs Group cut their price objective on Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Friday. Mizuho cut their price objective on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday. 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. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $39.75.

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.