Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $41 Million Stake in Intel Co. (NASDAQ:INTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 928,169 shares of the chip maker’s stock after acquiring an additional 4,920 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Intel were worth $40,997,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of INTC. New Millennium Group LLC raised its stake 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 in the last quarter. Frazier Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth about $27,000. Burkett Financial Services LLC acquired a new position in Intel during the fourth quarter worth about $27,000. Tributary Capital Management LLC acquired a new position in Intel during the first quarter worth about $27,000. Finally, Raleigh Capital Management Inc. raised its stake in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. HSBC reduced their price target on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Citigroup reduced their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Evercore ISI reduced their price target on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a report on Friday, April 26th. Finally, Wells Fargo & Company reduced their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.25.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the 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 transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares in the company, 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.

Intel Trading Down 0.3 %

INTC traded down $0.12 during trading on Tuesday, hitting $34.34. The company’s stock had a trading volume of 28,135,408 shares, compared to its average volume of 47,144,871. Intel Co. has a twelve month low of $29.73 and a twelve month high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $31.31 and its 200-day moving average price is $38.21. The firm has a market capitalization of $146.19 billion, a P/E ratio of 35.77, a PEG ratio of 16.44 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued 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. Analysts anticipate that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is 52.08%.

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.