Gill Capital Partners LLC Takes $229,000 Position in Intel Co. (NASDAQ:INTC)


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Gill Capital Partners LLC acquired a new stake in Intel Co. (NASDAQ:INTC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,572 shares of the chip maker’s stock, valued at approximately $229,000.

Several other large investors have also recently bought and sold shares of INTC. Norges Bank acquired a new position in shares of Intel in the fourth quarter valued at approximately $2,141,057,000. Baupost Group LLC MA acquired a new position in Intel during the fourth quarter worth approximately $906,005,000. Primecap Management Co. CA increased its position in Intel by 28.1% during the fourth quarter. Primecap Management Co. CA now owns 32,574,166 shares of the chip maker’s stock worth $1,622,845,000 after purchasing an additional 7,151,405 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Intel by 100,766.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,195,650 shares of the chip maker’s stock worth $258,847,000 after purchasing an additional 5,190,499 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Intel by 161.7% during the fourth quarter. Toronto Dominion Bank now owns 7,957,652 shares of the chip maker’s stock worth $483,288,000 after purchasing an additional 4,916,921 shares during the last quarter. 63.25% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on INTC shares. Atlantic Securities raised shares of Intel from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $36.00 to $55.00 in a research report on Thursday, January 14th. Bank of America reaffirmed a “sell” rating and set a $62.00 price target on shares of Intel in a research report on Tuesday, March 30th. Mizuho upped their price target on shares of Intel from $70.00 to $72.00 in a research report on Wednesday, March 24th. Needham & Company LLC upped their price target on shares of Intel from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, March 30th. Finally, JPMorgan Chase & Co. set a $80.00 price objective on shares of Intel and gave the stock a “buy” rating in a research note on Wednesday, April 7th. Twelve investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Intel currently has a consensus rating of “Hold” and an average price target of $63.64.

In other Intel news, CEO Robert Holmes Swan bought 27,244 shares of the company’s stock in a transaction on Monday, January 25th. The shares were bought at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the completion of the acquisition, the chief executive officer now owns 330,774 shares of the company’s stock, valued at $18,381,111.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO George S. Davis bought 9,095 shares of the company’s stock in a transaction on Tuesday, January 26th. The shares were acquired at an average cost of $55.34 per share, for a total transaction of $503,317.30. Following the completion of the acquisition, the chief financial officer now directly owns 71,223 shares of the company’s stock, valued at approximately $3,941,480.82. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

NASDAQ INTC opened at $64.75 on Friday. Intel Co. has a 12 month low of $43.61 and a 12 month high of $68.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24. The company has a market capitalization of $263.68 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. The company’s fifty day moving average price is $63.63 and its two-hundred day moving average price is $54.81.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.42. Intel had a net margin of 28.10% and a return on equity of 29.44%. The firm had revenue of $19.98 billion for the quarter, compared to the consensus estimate of $17.47 billion. During the same period in the prior year, the firm posted $1.52 EPS. As a group, analysts anticipate that Intel Co. will post 4.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be paid a dividend of $0.3475 per share. The ex-dividend date is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a yield of 2.15%. Intel’s dividend payout ratio (DPR) is 28.54%.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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