Northern Financial Advisors Inc Buys 13,335 Shares of Intel Co. (NASDAQ:INTC)

Northern Financial Advisors Inc increased its stake in Intel Co. (NASDAQ:INTC) by 101.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,485 shares of the chip maker’s stock after buying an additional 13,335 shares during the quarter. Intel comprises approximately 1.1% of Northern Financial Advisors Inc’s holdings, making the stock its 25th largest holding. Northern Financial Advisors Inc’s holdings in Intel were worth $1,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. California Public Employees Retirement System grew its holdings in Intel by 102.6% during the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after purchasing an additional 8,140,835 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Intel by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after acquiring an additional 5,217,549 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Intel during the 4th quarter valued at $251,250,000. Parnassus Investments LLC grew its position in Intel by 24.7% in the 3rd quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock valued at $830,773,000 after acquiring an additional 4,631,905 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Intel by 6.0% during the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after purchasing an additional 4,226,790 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. Susquehanna decreased their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price target on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, April 26th. UBS Group upped their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.75.

Intel Stock Performance

NASDAQ INTC traded down $0.91 on Wednesday, hitting $29.77. 24,795,551 shares of the company’s stock traded hands, compared to its average volume of 48,129,824. The firm has a market capitalization of $126.73 billion, a PE ratio of 31.15, a P/E/G ratio of 10.05 and a beta of 1.09. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The firm’s 50-day moving average price is $39.12 and its two-hundred day moving average price is $42.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 52.08%.

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.