Public Employees Retirement Association of Colorado Has $31.29 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Public Employees Retirement Association of Colorado boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 7,836.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 622,668 shares of the chip maker’s stock after acquiring an additional 614,822 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Intel were worth $31,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Jump Financial LLC bought a new position in shares of Intel in the third quarter worth about $411,000. NewEdge Wealth LLC raised its stake in shares of Intel by 61.5% in the third quarter. NewEdge Wealth LLC now owns 21,445 shares of the chip maker’s stock worth $762,000 after acquiring an additional 8,168 shares during the last quarter. Spire Wealth Management raised its stake in shares of Intel by 4.0% during the third quarter. Spire Wealth Management now owns 40,406 shares of the chip maker’s stock worth $1,436,000 after buying an additional 1,558 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Intel by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 1,606,622 shares of the chip maker’s stock worth $57,115,000 after buying an additional 36,176 shares during the last quarter. Finally, Sepio Capital LP raised its stake in shares of Intel by 8.6% during the third quarter. Sepio Capital LP now owns 17,720 shares of the chip maker’s stock worth $630,000 after buying an additional 1,402 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity at Intel

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

Intel Stock Up 2.5 %

NASDAQ INTC traded up $0.75 during mid-day trading on Wednesday, hitting $30.78. The company’s stock had a trading volume of 43,910,752 shares, compared to its average volume of 48,015,762. The company’s 50 day simple moving average is $33.84 and its 200 day simple moving average is $41.02. Intel Co. has a twelve month low of $29.69 and a twelve month high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $131.03 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 14.44 and a beta of 1.06.

Intel (NASDAQ:INTC) last released its 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). The business had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Analysts anticipate that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, April 26th. Jefferies Financial Group initiated coverage on shares of Intel in a research note on Monday, May 13th. They set a “hold” rating and a $34.00 price target for the company. Mizuho dropped their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, Roth Mkm decreased their price objective on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.58.

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.