Intel Co. (NASDAQ:INTC) Shares Acquired by River Global Investors LLP

River Global Investors LLP raised its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 114.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,274 shares of the chip maker's stock after buying an additional 76,026 shares during the quarter. Intel comprises about 1.4% of River Global Investors LLP's investment portfolio, making the stock its 14th biggest holding. River Global Investors LLP's holdings in Intel were worth $7,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in shares of Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker's stock worth $807,757,000 after purchasing an additional 8,140,835 shares in the last quarter. Wellington Management Group LLP increased its holdings in Intel by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker's stock worth $1,228,752,000 after buying an additional 5,217,549 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Intel in the 4th quarter worth about $251,250,000. Parnassus Investments LLC lifted its stake in Intel by 24.7% during the 3rd quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker's stock valued at $830,773,000 after acquiring an additional 4,631,905 shares during the period. Finally, Primecap Management Co. CA boosted its holdings in shares of Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker's stock valued at $2,657,799,000 after acquiring an additional 4,226,790 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares of the company's stock, valued at $1,192,668.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares of the company's stock, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the company's stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company's stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Price Performance

Shares of INTC stock traded up $0.39 during trading hours on Friday, hitting $30.90. The stock had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a market capitalization of $131.54 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 9.93 and a beta of 1.09. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock's 50-day moving average price is $39.60 and its two-hundred day moving average price is $42.02.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, May 6th. Intel's dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Susquehanna decreased their price objective on shares of Intel from $40.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 26th. Cantor Fitzgerald restated a "neutral" rating and issued a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. UBS Group upped their price objective on Intel from $46.00 to $50.00 and gave the company a "neutral" rating in a research report on Monday, April 1st. Truist Financial dropped their price objective on shares of Intel from $45.00 to $33.00 and set a "hold" rating on the stock in a report on Friday, April 26th. Finally, Roth Mkm reduced their target price on shares of Intel from $45.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Intel has an average rating of "Hold" and a consensus target price of $39.75.

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.