Vanguard Personalized Indexing Management LLC Acquires 25,866 Shares of Intel Co. (NASDAQ:INTC)

Vanguard Personalized Indexing Management LLC increased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,502 shares of the chip maker's stock after purchasing an additional 25,866 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Intel were worth $13,542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barrett & Company Inc. boosted its position in Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker's stock worth $184,000 after acquiring an additional 210 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker's stock worth $372,000 after acquiring an additional 216 shares during the last quarter. New Millennium Group LLC boosted its position in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after acquiring an additional 231 shares during the last quarter. Waldron Private Wealth LLC boosted its position in Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker's stock worth $2,063,000 after acquiring an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. boosted its position in Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker's stock worth $987,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of INTC traded up $0.22 during midday trading on Wednesday, hitting $31.27. 36,848,708 shares of the stock traded hands, compared to its average volume of 48,381,508. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The business's 50 day moving average price is $37.80 and its two-hundred day moving average price is $41.92. The firm has a market capitalization of $133.12 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 8.74 and a beta of 1.09.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.60%. Intel's payout ratio is currently 52.08%.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a "sell" rating and issued a $17.00 target price on shares of Intel in a report on Friday, April 26th. Bank of America decreased their target price on shares of Intel from $50.00 to $44.00 and set a "neutral" rating on the stock in a report on Friday, April 12th. Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. UBS Group boosted their price target on shares of Intel from $46.00 to $50.00 and gave the company a "neutral" rating in a research note on Monday, April 1st. Finally, Jefferies Financial Group assumed coverage on shares of Intel in a research note on Monday. They set a "hold" rating and a $34.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $39.58.

Insider Activity

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

Intel 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.

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