Mesirow Financial Investment Management Inc. trimmed its position in Intel Co. (NASDAQ:INTC – Free Report) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 140,924 shares of the chip maker’s stock after selling 1,430 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Intel were worth $4,365,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of INTC. Vanguard Group Inc. raised its position in Intel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after purchasing an additional 3,310,528 shares during the last quarter. Capital International Investors raised its position in Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the last quarter. Primecap Management Co. CA raised its position in Intel by 0.6% during the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after purchasing an additional 475,636 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Intel by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock worth $1,759,811,000 after purchasing an additional 2,457,243 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Intel by 7.3% during the 4th quarter. Wellington Management Group LLP now owns 37,080,015 shares of the chip maker’s stock worth $1,863,271,000 after purchasing an additional 2,515,978 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.
Intel Price Performance
INTC stock opened at $20.91 on Tuesday. The company has a market capitalization of $89.41 billion, a P/E ratio of 21.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The business has a 50-day simple moving average of $24.71 and a two-hundred day simple moving average of $31.45.
Intel Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.39%. Intel’s dividend payout ratio is currently 52.08%.
Analyst Ratings Changes
Several research analysts recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Wedbush decreased their price target on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group decreased their price target on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Finally, Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $32.04.
Check Out Our Latest Stock Analysis on Intel
Insiders Place Their Bets
In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 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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