Davis R M Inc. lifted its stake in shares of Intel Co. (NASDAQ:INTC – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,965 shares of the chip maker’s stock after purchasing an additional 293 shares during the quarter. Davis R M Inc.’s holdings in Intel were worth $1,002,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Intel by 98,521.3% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 178,121,843 shares of the chip maker’s stock worth $5,956,394,000 after acquiring an additional 177,941,231 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Intel by 100,953.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after purchasing an additional 51,083,262 shares during the last quarter. Norges Bank acquired a new stake in Intel in the fourth quarter valued at approximately $1,092,939,000. Parnassus Investments LLC bought a new stake in shares of Intel during the second quarter worth $626,573,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Intel by 4,407.3% during the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after buying an additional 16,074,485 shares in the last quarter. Institutional investors own 60.84% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Northland Securities lifted their price target on Intel from $45.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Barclays upped their price target on Intel from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, July 28th. Mizuho raised Intel from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $50.00 in a research note on Thursday, November 16th. JPMorgan Chase & Co. increased their target price on shares of Intel from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus boosted their price target on shares of Intel from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.53.
Insider Transactions at Intel
In other Intel news, CEO Patrick P. Gelsinger purchased 6,775 shares of the stock in a transaction on Wednesday, November 1st. The stock was acquired at an average cost of $36.80 per share, with a total value of $249,320.00. Following the completion of the purchase, the chief executive officer now directly owns 25,475 shares of the company’s stock, valued at approximately $937,480. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.
Intel Stock Performance
NASDAQ:INTC opened at $44.74 on Tuesday. The business’s fifty day moving average is $36.83 and its 200 day moving average is $34.46. The firm has a market cap of $188.62 billion, a price-to-earnings ratio of -111.85, a PEG ratio of 15.13 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.13 and a current ratio of 1.53. Intel Co. has a 52-week low of $24.73 and a 52-week high of $44.93.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.20. Intel had a positive return on equity of 0.49% and a negative net margin of 3.11%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $13.57 billion. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. Research analysts predict that Intel Co. will post 0.19 EPS for the current year.
Intel Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, November 6th. Intel’s dividend payout ratio (DPR) is currently -125.00%.
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.
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