Brinker Capital Investments LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,332 shares of the chip maker’s stock after selling 8,424 shares during the period. Brinker Capital Investments LLC’s holdings in Intel were worth $1,515,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Intel by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 361,644,210 shares of the chip maker’s stock worth $9,319,571,000 after purchasing an additional 3,842,416 shares during the period. State Street Corp boosted its stake in shares of Intel by 2.3% during the 3rd quarter. State Street Corp now owns 180,279,279 shares of the chip maker’s stock worth $4,645,797,000 after acquiring an additional 4,129,574 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Intel by 7.2% during the 3rd quarter. Primecap Management Co. CA now owns 52,117,226 shares of the chip maker’s stock worth $1,343,061,000 after acquiring an additional 3,518,980 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Intel by 6.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,354,790 shares of the chip maker’s stock worth $1,107,904,000 after acquiring an additional 1,332,635 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.
Intel Stock Down 2.4 %
NASDAQ:INTC opened at $30.30 on Tuesday. The company has a market capitalization of $125.35 billion, a price-to-earnings ratio of -44.56, a price-to-earnings-growth ratio of 9.76 and a beta of 0.88. Intel Co. has a one year low of $24.59 and a one year high of $46.64. The stock has a 50-day simple moving average of $29.28 and a 200 day simple moving average of $28.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.57.
Intel (NASDAQ:INTC – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The chip maker reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.12. The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $11.13 billion. Intel had a positive return on equity of 3.05% and a negative net margin of 5.06%. The company’s revenue for the quarter was down 36.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. Sell-side analysts predict that Intel Co. will post 0.54 EPS for the current fiscal year.
Intel Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a yield of 1.65%. Intel’s payout ratio is currently -73.53%.
Insider Buying and Selling at Intel
In related news, CEO Patrick P. Gelsinger bought 9,700 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was bought at an average cost of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the purchase, the chief executive officer now directly owns 18,700 shares in the company, valued at approximately $480,216. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
INTC has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on Intel from $26.00 to $32.00 in a research note on Friday. Benchmark upgraded Intel from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday. Robert W. Baird decreased their price objective on Intel from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 27th. Deutsche Bank Aktiengesellschaft lifted their target price on Intel from $28.00 to $32.00 in a report on Thursday, March 30th. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Thursday, March 30th. Eight research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.52.
Intel Profile
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.
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