Harvest Fund Management Co. Ltd raised its stake in Intel Co. (NASDAQ:INTC - Free Report) by 64.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,130 shares of the chip maker's stock after buying an additional 22,025 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Intel were worth $2,820,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Slow Capital Inc. grew its holdings in Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker's stock valued at $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC lifted its stake in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker's stock valued at $1,272,000 after purchasing an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at $201,000. Vanguard Capital Wealth Advisors lifted its stake in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker's stock valued at $1,613,000 after purchasing an additional 574 shares during the last quarter. Finally, Prosperity Wealth Management Inc. acquired a new position in shares of Intel in the 4th quarter valued at $293,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the company's stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price 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. Company insiders own 0.04% of the company's stock.
Intel Stock Down 0.4 %
NASDAQ INTC traded down $0.13 during trading hours on Tuesday, hitting $34.28. 46,719,967 shares of the company were exchanged, compared to its average volume of 46,893,191. The company has a 50 day moving average of $41.48 and a two-hundred day moving average of $42.36. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The firm has a market cap of $144.94 billion, a price-to-earnings ratio of 87.90, a PEG ratio of 3.07 and a beta of 1.00.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the prior year, the business posted $0.10 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post 0.61 earnings per share for the current year.
Intel Announces Dividend
The firm also recently disclosed 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 of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. Intel's payout ratio is currently 128.21%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Rosenblatt Securities reaffirmed a "sell" rating and issued a $17.00 price target on shares of Intel in a research note on Friday, February 23rd. Raymond James decreased their price target on Intel from $54.00 to $52.00 and set an "outperform" rating on the stock in a research note on Friday, January 26th. Citigroup decreased their price target on Intel from $47.50 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, April 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 26th. Finally, Evercore ISI began coverage on Intel in a research note on Tuesday, April 16th. They issued an "in-line" rating and a $40.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of "Hold" and an average price target of $42.38.
View Our Latest Analysis on Intel
About Intel
(
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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