Xponance Inc. Has $30.17 Million Stock Position in Intel Co. (NASDAQ:INTC)

Xponance Inc. raised its stake in Intel Co. (NASDAQ:INTC) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600,318 shares of the chip maker’s stock after buying an additional 44,808 shares during the period. Xponance Inc.’s holdings in Intel were worth $30,166,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INTC. Cantor Fitzgerald Investment Advisor L.P boosted its position in Intel by 173.6% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after buying an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC lifted its holdings in shares of Intel by 21.6% during the first 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 during the period. Fairfield Bush & CO. acquired a new position in shares of Intel during the first quarter worth $142,000. Retirement Income Solutions Inc lifted its holdings in shares of Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after purchasing an additional 307 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after purchasing an additional 1,244,247 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $43.36 per share, for a total transaction 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. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on INTC shares. Truist Financial reiterated a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Wedbush reissued a “neutral” rating and set a $40.00 target price on shares of Intel in a research note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 26th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, February 23rd. Finally, Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.62.

Intel Stock Performance

INTC traded down $0.64 during midday trading on Thursday, reaching $35.04. The company had a trading volume of 41,899,008 shares, compared to its average volume of 46,698,898. 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 market cap of $148.15 billion, a PE ratio of 89.75, a P/E/G ratio of 3.21 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The business has a 50-day moving average price of $42.18 and a two-hundred day moving average price of $42.35.

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

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) 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.