Cardinal Capital Management Has $11.98 Million Stock Position in Intel Co. (NASDAQ:INTC)

Cardinal Capital Management lifted its position in shares of Intel Co. (NASDAQ:INTC) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,148 shares of the chip maker’s stock after purchasing an additional 17,291 shares during the period. Intel accounts for approximately 1.9% of Cardinal Capital Management’s investment portfolio, making the stock its 7th biggest holding. Cardinal Capital Management’s holdings in Intel were worth $11,977,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC grew its holdings in shares of Intel by 425.9% during the 3rd quarter. Operose Advisors LLC now owns 4,470 shares of the chip maker’s stock worth $159,000 after purchasing an additional 3,620 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Intel by 38.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 204,845 shares of the chip maker’s stock valued at $7,282,000 after buying an additional 57,134 shares during the period. Mather Group LLC. raised its position in shares of Intel by 32.8% in the 3rd quarter. Mather Group LLC. now owns 32,917 shares of the chip maker’s stock valued at $1,170,000 after buying an additional 8,126 shares in the last quarter. Vinva Investment Management Ltd boosted its position in shares of Intel by 575.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 59,953 shares of the chip maker’s stock worth $2,109,000 after acquiring an additional 51,078 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Intel in the third quarter valued at approximately $1,496,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 0.2 %

NASDAQ:INTC traded up $0.05 on Thursday, hitting $30.59. The stock had a trading volume of 28,092,055 shares, compared to its average volume of 46,870,125. The company has a market cap of $130.22 billion, a PE ratio of 31.89, a P/E/G ratio of 14.65 and a beta of 1.06. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The business’s fifty day moving average is $31.24 and its 200 day moving average is $39.68. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. On average, equities research analysts expect that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s dividend payout ratio is presently 52.08%.

Insider Activity at Intel

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

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. UBS Group raised their target price on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. JPMorgan Chase & Co. decreased their target price on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday, April 26th. Susquehanna dropped their target price 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. Sanford C. Bernstein lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.58.

About Intel

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.