MJP Associates Inc. ADV Makes New Investment in Intel Co. (NASDAQ:INTC)

MJP Associates Inc. ADV acquired a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,801 shares of the chip maker’s stock, valued at approximately $342,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P grew its holdings in Intel by 173.6% during the first 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 period. Axiom Financial Strategies LLC raised its position in shares of Intel by 21.6% in the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after purchasing an additional 1,056 shares during the period. Fairfield Bush & CO. acquired a new stake in shares of Intel during the 1st quarter worth about $142,000. Retirement Income Solutions Inc boosted its holdings in shares of Intel by 5.1% during the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after buying an additional 307 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Intel by 26.9% in the 1st 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 buying an additional 1,244,247 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.8 %

Shares of NASDAQ:INTC traded up $0.37 on Thursday, reaching $44.14. The company had a trading volume of 52,987,189 shares, compared to its average volume of 45,140,152. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm’s 50 day simple moving average is $43.98 and its 200-day simple moving average is $42.01. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The firm has a market capitalization of $186.62 billion, a PE ratio of 113.87, a PEG ratio of 4.38 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INTC. Barclays lifted their price objective on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Raymond James lowered their price target on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. TD Cowen lowered their price target on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, December 18th. Finally, Susquehanna upped their price objective on shares of Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.48.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

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.