Cullinan Associates Inc. Has $3.45 Million Stake in Intel Co. (NASDAQ:INTC)

Cullinan Associates Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 77,989 shares of the chip maker’s stock after selling 3,700 shares during the period. Cullinan Associates Inc.’s holdings in Intel were worth $3,445,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in shares of Intel by 5.6% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,488 shares of the chip maker’s stock worth $772,000 after purchasing an additional 932 shares during the period. Tributary Capital Management LLC acquired a new position in Intel in the 1st quarter valued at approximately $27,000. Steele Capital Management Inc. lifted its position in shares of Intel by 5.8% in the 1st quarter. Steele Capital Management Inc. now owns 8,792 shares of the chip maker’s stock worth $388,000 after acquiring an additional 483 shares during the period. AlphaMark Advisors LLC grew its holdings in shares of Intel by 39.4% during the 1st quarter. AlphaMark Advisors LLC now owns 3,537 shares of the chip maker’s stock worth $156,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Dominguez Wealth Management Solutions Inc. increased its position in shares of Intel by 1.2% during the first quarter. Dominguez Wealth Management Solutions Inc. now owns 51,070 shares of the chip maker’s stock valued at $2,256,000 after purchasing an additional 630 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock traded down $0.14 during midday trading on Tuesday, reaching $30.70. 16,401,140 shares of the company’s stock were exchanged, compared to its average volume of 46,482,238. 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 stock’s 50-day simple moving average is $31.08 and its 200 day simple moving average is $39.46. The firm has a market cap of $130.69 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 14.76 and a beta of 1.05. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. On average, analysts expect that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.63%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTC. Citigroup reduced their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, April 26th. The Goldman Sachs Group cut their target price on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, UBS Group increased their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.58.

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.