Elo Mutual Pension Insurance Co Purchases 16,543 Shares of Intel Co. (NASDAQ:INTC)

Elo Mutual Pension Insurance Co raised its position in Intel Co. (NASDAQ:INTC) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,639 shares of the chip maker’s stock after buying an additional 16,543 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Intel were worth $18,373,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Barrett & Company Inc. grew its holdings in Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the last quarter. New Millennium Group LLC increased its holdings in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Waldron Private Wealth LLC increased its holdings in Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after purchasing an additional 232 shares during the period. Finally, Spreng Capital Management Inc. raised its position in Intel by 1.3% during the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after purchasing an additional 246 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Wells Fargo & Company decreased their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group dropped their price target on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Thursday, May 9th. Jefferies Financial Group assumed coverage on shares of Intel in a research report on Monday, May 13th. They set a “hold” rating and a $34.00 price objective for the company. Finally, Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.58.

Intel Stock Performance

INTC stock traded up $0.32 during midday trading on Friday, hitting $30.74. The company’s stock had a trading volume of 34,085,530 shares, compared to its average volume of 42,563,780. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The stock has a market cap of $130.86 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 14.65 and a beta of 1.06. The stock’s 50-day moving average price is $33.30 and its 200 day moving average price is $40.83. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. On average, equities analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 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 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is currently 52.08%.

Insider Buying and Selling

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

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.