Twin Capital Management Inc. Purchases 79,694 Shares of Intel Co. (NASDAQ:INTC)

Twin Capital Management Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 203.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,873 shares of the chip maker’s stock after purchasing an additional 79,694 shares during the quarter. Intel accounts for approximately 0.8% of Twin Capital Management Inc.’s investment portfolio, making the stock its 20th largest position. Twin Capital Management Inc.’s holdings in Intel were worth $5,973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INTC. Barrett & Company Inc. boosted its position in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after buying an additional 210 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares during the last quarter. New Millennium Group LLC boosted its position in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Waldron Private Wealth LLC boosted its position in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. boosted its position in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after buying an additional 246 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 1.7 %

INTC traded down $0.60 during trading hours on Thursday, reaching $35.08. 15,969,971 shares of the company’s stock traded hands, compared to its average volume of 46,493,789. The firm has a 50-day moving average price of $42.18 and a 200 day moving average price of $42.35. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $148.32 billion, a PE ratio of 91.28, a PEG ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the business earned $0.10 EPS. Intel’s revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is currently 128.21%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Susquehanna dropped their target price on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday. TD Cowen dropped their target price on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Citigroup dropped their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, UBS Group raised their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.62.

Insider Activity at Intel

In other Intel news, 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 bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

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.