Opinicus Capital Inc. Makes New Investment in Intel Co. (NASDAQ:INTC)

Opinicus Capital Inc. acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, HoldingsChannel reports. The fund acquired 22,703 shares of the chip maker’s stock, valued at approximately $1,141,000. Intel comprises about 1.2% of Opinicus Capital Inc.’s holdings, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. California Public Employees Retirement System raised its stake in shares of Intel by 102.6% during the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after acquiring an additional 8,140,835 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Intel by 18.6% in the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after buying an additional 6,064,950 shares in the last quarter. Wellington Management Group LLP raised its stake in Intel by 17.8% in the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after buying an additional 5,217,549 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in Intel in the fourth quarter worth about $251,250,000. Finally, Parnassus Investments LLC raised its stake in Intel by 24.7% in the third quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock worth $830,773,000 after buying an additional 4,631,905 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

INTC stock traded down $3.23 on Friday, hitting $31.88. The company had a trading volume of 119,742,494 shares, compared to its average volume of 50,613,192. Intel Co. has a 12-month low of $26.85 and a 12-month 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. The stock’s 50-day simple moving average is $40.88 and its 200 day simple moving average is $42.23. The stock has a market cap of $134.79 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post 0.6 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Bank of America decreased their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Barclays decreased their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday. Finally, Sanford C. Bernstein cut their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $39.75.

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.