Nisa Investment Advisors LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

by · The Cerbat Gem

Nisa Investment Advisors LLC grew its holdings in Intel Co. (NASDAQ:INTC – Free Report) by 46.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,691,569 shares of the chip maker’s stock after acquiring an additional 539,373 shares during the period. Nisa Investment Advisors LLC’s holdings in Intel were worth $39,684,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INTC. America First Investment Advisors LLC purchased a new stake in Intel in the second quarter worth $25,000. Tributary Capital Management LLC bought a new position in Intel in the 1st quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the 2nd quarter worth about $27,000. Spartan Fund Management Inc. bought a new stake in shares of Intel during the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the second quarter valued at about $32,000. 64.53% of the stock is currently owned by institutional investors.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Intel Stock Up 1.1 %

Shares of Intel stock opened at $22.92 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a market cap of $97.57 billion, a price-to-earnings ratio of 23.88 and a beta of 1.03. The company’s 50 day moving average is $21.65 and its 200 day moving average is $27.28.

Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) earnings per share. Research analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Wall Street Analysts Forecast Growth

Several analysts have commented on INTC shares. Benchmark restated a “hold” rating on shares of Intel in a report on Monday, September 23rd. Northland Securities lowered their target price on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Mizuho cut Intel from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $22.00 in a research note on Thursday, August 8th. Cantor Fitzgerald lowered their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.80.

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Intel Profile

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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.

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