Terra Nova Asset Management LLC Acquires New Shares in Intel Co. (NASDAQ:INTC)

Terra Nova Asset Management LLC bought a new position in Intel Co. (NASDAQ:INTC) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 30,986 shares of the chip maker’s stock, valued at approximately $1,557,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cantor Fitzgerald Investment Advisor L.P raised its holdings in shares of Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after acquiring an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC raised its stake in Intel by 21.6% in the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after purchasing an additional 1,056 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Intel during the 1st quarter valued at $142,000. Retirement Income Solutions Inc lifted its holdings in shares of Intel by 5.1% during the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after acquiring an additional 307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Intel by 26.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after acquiring an additional 1,244,247 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was acquired 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 $1,234,676. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction 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 completion of the transaction, 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. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, February 23rd. Raymond James decreased their target price on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. The Goldman Sachs Group lifted their price target on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, HSBC lowered their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a report on Friday, January 26th. 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, the company presently has an average rating of “Hold” and an average target price of $41.48.

Intel Price Performance

Shares of NASDAQ:INTC opened at $44.17 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 50-day simple moving average of $43.94 and a 200-day simple moving average of $42.03. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock has a market capitalization of $186.75 billion, a price-to-earnings ratio of 113.26, a PEG ratio of 4.56 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, analysts predict that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

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.