State of Alaska Department of Revenue Has $42.55 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

State of Alaska Department of Revenue decreased its position in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 846,825 shares of the chip maker’s stock after selling 27,740 shares during the quarter. Intel makes up approximately 0.5% of State of Alaska Department of Revenue’s holdings, making the stock its 26th largest holding. State of Alaska Department of Revenue’s holdings in Intel were worth $42,552,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of INTC. Cantor Fitzgerald Investment Advisor L.P increased its holdings in Intel by 173.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after purchasing an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC increased its holdings in Intel by 21.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after purchasing an additional 1,056 shares in the last quarter. Fairfield Bush & CO. bought a new position in shares of Intel in the 1st quarter valued at about $142,000. Retirement Income Solutions Inc grew its holdings in shares of Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 307 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Intel by 26.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after acquiring an additional 1,244,247 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $32.00 to $50.00 in a report on Friday, December 15th. TD Cowen decreased their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, February 23rd. Finally, Truist Financial cut their target price on shares of Intel from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Four equities 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, the company has an average rating of “Hold” and an average price target of $41.48.

Intel Trading Up 0.9 %

Shares of NASDAQ INTC traded up $0.40 during midday trading on Friday, hitting $44.17. 54,204,194 shares of the company traded hands, compared to its average volume of 47,195,528. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The stock has a 50-day moving average price of $43.89 and a 200 day moving average price of $42.04. The firm has a market cap of $186.75 billion, a P/E ratio of 113.26, a P/E/G ratio of 4.56 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. Intel’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that Intel Co. will post 0.64 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is currently 128.21%.

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.