First Pacific Financial Has $795,000 Position in Intel Co. (NASDAQ:INTC)

First Pacific Financial lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,820 shares of the chip maker’s stock after selling 731 shares during the period. First Pacific Financial’s holdings in Intel were worth $795,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Cantor Fitzgerald Investment Advisor L.P grew its position in Intel by 173.6% in 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 during the last quarter. Axiom Financial Strategies LLC increased its holdings in Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after buying an additional 1,056 shares during the period. Fairfield Bush & CO. bought a new position in shares of Intel during the 1st quarter worth about $142,000. Retirement Income Solutions Inc grew its stake 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 purchasing an additional 307 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Intel by 26.9% in the first 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 during the period. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the company’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 completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction that occurred 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 approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on INTC shares. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, February 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Benchmark boosted their price objective on shares of Intel from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. The Goldman Sachs Group lifted their target price on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and upped their price target for the company from $32.00 to $50.00 in a research note on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.48.

Intel Trading Up 4.2 %

NASDAQ INTC opened at $43.77 on Thursday. The company has a market cap of $185.06 billion, a PE ratio of 112.23, a PEG ratio of 4.38 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 stock has a 50 day moving average of $43.98 and a 200-day moving average of $42.01. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 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 firm had revenue of $15.40 billion during 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 company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. Intel’s dividend payout ratio is currently 128.21%.

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.