Daiwa Securities Group Inc. Increases Position in Intel Co. (NASDAQ:INTC)

Daiwa Securities Group Inc. boosted its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 968,761 shares of the chip maker's stock after purchasing an additional 261,193 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Intel were worth $48,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Millennium Group LLC lifted its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after buying an additional 231 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of Intel in the second quarter worth approximately $25,000. Legacy Financial Group LLC bought a new position in Intel during the third quarter valued at approximately $30,000. Milestone Investment Advisors LLC bought a new position in Intel during the first quarter valued at approximately $32,000. Finally, Raleigh Capital Management Inc. lifted its position in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker's stock valued at $33,000 after purchasing an additional 362 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Intel from $32.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 16th. Raymond James lowered their price objective 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. HSBC lowered their price objective on shares of Intel from $46.00 to $44.00 and set a "hold" rating on the stock in a research report on Friday, January 26th. Wells Fargo & Company lowered their price objective on shares of Intel from $48.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 9th. Finally, Citigroup decreased their price target on shares of Intel from $47.50 to $40.00 and set a "neutral" rating on the stock in a research report on Monday. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average price target of $42.62.

Intel Price Performance

INTC traded down $0.58 during trading on Wednesday, hitting $35.68. 41,140,963 shares of the company traded hands, compared to its average volume of 46,921,805. The company has a market cap of $150.86 billion, a PE ratio of 91.28, a P/E/G ratio of 3.21 and a beta of 1.00. The stock's 50-day simple moving average is $42.32 and its two-hundred day simple moving average is $42.40. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analysts' expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. Intel's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. As a group, sell-side analysts anticipate that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.40%. Intel's dividend payout ratio (DPR) is currently 128.21%.

Insider Buying and Selling at Intel

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

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.

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