Trillium Asset Management LLC Acquires 447,673 Shares of Intel Co. (NASDAQ:INTC)

Trillium Asset Management LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 4,002.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 458,858 shares of the chip maker’s stock after purchasing an additional 447,673 shares during the period. Trillium Asset Management LLC’s holdings in Intel were worth $23,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Barrett & Company Inc. lifted its stake in Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the last quarter. New Millennium Group LLC lifted its stake in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. lifted its stake in shares of Intel by 1.3% in the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock traded down $0.20 on Friday, reaching $31.83. The stock had a trading volume of 41,449,777 shares, compared to its average volume of 54,054,952. The stock has a market cap of $135.50 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 10.49 and a beta of 1.09. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company has a 50 day simple moving average of $37.00 and a 200 day simple moving average of $41.75.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Equities research analysts expect that Intel Co. will post 0.13 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.57%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTC. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Barclays dropped their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Morgan Stanley dropped their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Raymond James dropped their target price on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.58.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were bought 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 owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction on 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 completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, for a total transaction 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 disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Intel 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.