Tag: NASDAQ:INTC

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Intel Co. (NASDAQ:INTC – Free Report) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,855 shares of the chip maker’s stock after purchasing an additional 6,132 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Intel were worth $1,662,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Capital International Investors boosted its holdings in Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after acquiring an additional 15,475,631 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Intel by 60.5% during the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock worth $1,071,308,000 after purchasing an additional 13,035,566 shares during the last quarter. Davis Selected Advisers grew its position in Intel by 86.2% in the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock worth $391,533,000 after purchasing an additional 5,851,098 shares in the last quarter. Caxton Associates LP purchased a new stake in Intel in the 2nd quarter valued at about $162,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Intel by 2,681.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,431,749 shares of the chip maker’s stock worth $137,251,000 after buying an additional 4,272,395 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Truist Financial reduced their target price on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Susquehanna decreased their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Northland Securities dropped their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.92.

View Our Latest Report on INTC

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by insiders.

Intel Trading Up 0.6 %

Shares of INTC stock opened at $22.44 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The business’s fifty day moving average is $21.34 and its 200 day moving average is $28.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company has a market capitalization of $95.53 billion, a PE ratio of 23.38 and a beta of 1.03.

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

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.23%. Intel’s payout ratio is 52.08%.

Intel Company Profile

(Free Report)

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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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

(Get Rating)

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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Acropolis Investment Management LLC lessened its position in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,745 shares of the chip maker’s stock after selling 1,703 shares during the quarter. Acropolis Investment Management LLC’s holdings in Intel were worth $947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Apeiron RIA LLC acquired a new stake in shares of Intel during the 2nd quarter valued at about $26,000. Steward Financial Group LLC grew its holdings in Intel by 667.0% in the second quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock valued at $29,000 after purchasing an additional 687 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Intel in the second quarter valued at approximately $36,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Intel during the 2nd quarter worth approximately $37,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Intel by 1,352.0% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 1,089 shares of the chip maker’s stock valued at $41,000 after buying an additional 1,014 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Northland Securities reduced their price objective on shares of Intel from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, October 10th. Morgan Stanley decreased their price target on shares of Intel from $36.00 to $29.50 and set an “underweight” rating on the stock in a research note on Friday, October 28th. StockNews.com started coverage on Intel in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, October 18th. Finally, The Goldman Sachs Group set a $24.00 price target on Intel in a research report on Tuesday, December 13th. Nine analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.71.

Intel Stock Performance

Shares of Intel stock opened at $26.92 on Friday. The firm has a market cap of $111.10 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Intel Co. has a 52 week low of $24.59 and a 52 week high of $56.28. The business’s fifty day simple moving average is $28.16 and its 200-day simple moving average is $32.59.

Intel (NASDAQ:INTC – Get Rating) last posted its earnings results on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. Intel had a net margin of 19.13% and a return on equity of 11.67%. The company had revenue of $15.34 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Equities analysts forecast that Intel Co. will post 1.95 earnings per share for the current year.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 8,830 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the acquisition, the chief executive officer now owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intel news, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction dated Friday, November 4th. The stock was acquired at an average price of $27.49 per share, with a total value of $50,966.46. Following the completion of the purchase, the director now owns 2,354 shares in the company, valued at approximately $64,711.46. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the completion of the purchase, the chief executive officer now owns 96,049 shares in the company, valued at $2,704,739.84. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 58,830 shares of company stock worth $1,646,744. 0.02% of the stock is currently owned by insiders.

Intel Company Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Edgestream Partners L.P. increased its stake in Intel Co. (NASDAQ:INTC – Get Rating) by 358.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,944 shares of the chip maker’s stock after buying an additional 24,979 shares during the quarter. Edgestream Partners L.P.’s holdings in Intel were worth $1,195,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Intel by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 349,634,956 shares of the chip maker’s stock valued at $17,327,909,000 after acquiring an additional 5,076,202 shares during the period. BlackRock Inc. raised its stake in Intel by 3.0% in the 1st quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock valued at $16,922,274,000 after acquiring an additional 10,103,061 shares during the period. State Street Corp raised its stake in Intel by 1.1% in the 1st quarter. State Street Corp now owns 178,991,617 shares of the chip maker’s stock valued at $8,870,825,000 after acquiring an additional 1,874,534 shares during the period. Primecap Management Co. CA raised its stake in Intel by 12.4% in the 2nd quarter. Primecap Management Co. CA now owns 48,598,246 shares of the chip maker’s stock valued at $1,818,060,000 after acquiring an additional 5,344,285 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Intel by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 41,877,503 shares of the chip maker’s stock valued at $2,075,449,000 after acquiring an additional 1,627,363 shares during the period. Institutional investors and hedge funds own 61.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Cowen assumed coverage on Intel in a research note on Monday. They issued a “market perform” rating and a $31.00 price target on the stock. HSBC began coverage on Intel in a research report on Monday, October 24th. They set a “reduce” rating and a $23.00 price objective on the stock. Credit Suisse Group reiterated a “neutral” rating and set a $28.00 price objective on shares of Intel in a research report on Wednesday, November 16th. StockNews.com began coverage on Intel in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Bank of America lowered their price objective on Intel from $30.00 to $28.00 and set an “underperform” rating on the stock in a research report on Friday, October 28th. Nine research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.67.

Intel Stock Performance

Shares of INTC stock opened at $29.67 on Friday. The business’s 50-day moving average price is $27.78 and its 200-day moving average price is $34.27. Intel Co. has a 12 month low of $24.59 and a 12 month high of $56.28. The firm has a market capitalization of $122.45 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 2.03 and a beta of 0.73. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, November 4th. Intel’s payout ratio is 44.92%.

Insider Activity

In related news, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the transaction, the director now directly owns 2,354 shares of the company’s stock, valued at $64,711.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the transaction, the director now directly owns 2,354 shares of the company’s stock, valued at $64,711.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 8,830 shares of the stock in a transaction dated Monday, October 31st. The shares were bought at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the transaction, the chief executive officer now directly owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 58,830 shares of company stock valued at $1,646,744. 0.02% of the stock is currently owned by corporate insiders.

About Intel

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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