Tilt Investment Management Holdings PBC Decreases Holdings in Intel Co. (NASDAQ:INTC)

Tilt Investment Management Holdings PBC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 22.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,821 shares of the chip maker’s stock after selling 4,958 shares during the quarter. Intel makes up 0.9% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 22nd biggest holding. Tilt Investment Management Holdings PBC’s holdings in Intel were worth $845,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Investors Asset Management of Georgia Inc. GA ADV raised its position in Intel by 9.3% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 27,053 shares of the chip maker’s stock worth $1,328,000 after purchasing an additional 2,301 shares during the period. Twin Capital Management Inc. raised its position in Intel by 203.4% in the 4th quarter. Twin Capital Management Inc. now owns 118,873 shares of the chip maker’s stock worth $5,973,000 after purchasing an additional 79,694 shares during the period. CapWealth Advisors LLC grew its stake in Intel by 0.3% in the 4th quarter. CapWealth Advisors LLC now owns 475,123 shares of the chip maker’s stock worth $23,875,000 after acquiring an additional 1,493 shares in the last quarter. Delta Financial Advisors LLC grew its stake in Intel by 4.4% in the 4th quarter. Delta Financial Advisors LLC now owns 55,901 shares of the chip maker’s stock worth $2,809,000 after acquiring an additional 2,341 shares in the last quarter. Finally, Wright Investors Service Inc. bought a new position in Intel in the 4th quarter worth about $1,007,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Down 2.0 %

Shares of Intel stock traded down $0.71 on Thursday, reaching $34.97. The company had a trading volume of 23,771,024 shares, compared to its average volume of 46,601,566. The firm’s 50 day moving average price is $42.18 and its two-hundred day moving average price is $42.35. The firm has a market cap of $147.85 billion, a PE ratio of 89.75, a PEG ratio of 3.21 and a beta of 1.00. Intel Co. has a 52-week low of $26.85 and a 52-week 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.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm earned $0.10 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts predict that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial reiterated a “hold” rating and set a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. TD Cowen dropped their price objective on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Raymond James dropped their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Finally, Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.62.

Insider Activity

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

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.