MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $4.32 Million Stock Position in Intel Co. (NASDAQ:INTC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 1,859.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,878 shares of the chip maker's stock after buying an additional 81,496 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Intel were worth $4,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of INTC. New Millennium Group LLC grew its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in Intel in the fourth quarter valued at about $36,000. Cornerstone Planning Group LLC purchased a new position in Intel in the second quarter valued at about $25,000. Lumature Wealth Partners LLC grew its stake in Intel by 146.7% in the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker's stock valued at $41,000 after purchasing an additional 490 shares in the last quarter. Finally, Legacy Financial Group LLC purchased a new position in Intel in the third quarter valued at about $30,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

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

Analyst Ratings Changes

A number of research analysts have commented on INTC shares. Stifel Nicolaus boosted their target price on Intel from $38.00 to $45.00 and gave the company a "hold" rating in a research note on Tuesday, January 2nd. TD Cowen decreased their price target on Intel from $45.00 to $42.00 and set a "market perform" rating for the company in a research note on Friday, January 26th. Morgan Stanley upped their price target on Intel from $39.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Cantor Fitzgerald reiterated a "neutral" rating and set a $50.00 price target on shares of Intel in a research note on Friday, February 2nd. Finally, Mizuho decreased their price target on Intel from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.48.

Intel Price Performance

Shares of INTC traded up $0.40 during mid-day trading on Friday, reaching $44.17. The company had a trading volume of 54,204,194 shares, compared to its average volume of 47,195,528. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company's 50-day moving average is $43.89 and its 200-day moving average is $42.04. The company has a market capitalization of $186.75 billion, a P/E ratio of 113.26, a P/E/G ratio of 4.56 and a beta of 1.00.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion during the quarter, compared to analysts' expectations of $15.16 billion. During the same period in the prior year, the firm posted $0.10 EPS. Intel's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.