Intel Co. (NASDAQ:INTC) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of Intel Co. (NASDAQ:INTCGet Rating) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,101,503 shares of the chip maker’s stock after buying an additional 42,309 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Intel worth $365,727,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Garrett Investment Advisors LLC raised its stake in Intel by 1.3% during the fourth quarter. Garrett Investment Advisors LLC now owns 15,090 shares of the chip maker’s stock worth $777,000 after purchasing an additional 192 shares during the period. Sax Wealth Advisors LLC raised its stake in Intel by 1.9% during the third quarter. Sax Wealth Advisors LLC now owns 10,752 shares of the chip maker’s stock worth $573,000 after purchasing an additional 200 shares during the period. Mount Vernon Associates Inc. MD raised its stake in Intel by 0.5% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 43,737 shares of the chip maker’s stock worth $2,252,000 after purchasing an additional 200 shares during the period. Capital One Financial Corp raised its stake in shares of Intel by 1.3% in the 4th quarter. Capital One Financial Corp now owns 15,773 shares of the chip maker’s stock valued at $812,000 after acquiring an additional 204 shares during the period. Finally, Johnson Midwest Financial LLC lifted its holdings in shares of Intel by 6.7% in the 4th quarter. Johnson Midwest Financial LLC now owns 3,371 shares of the chip maker’s stock worth $174,000 after acquiring an additional 211 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

NASDAQ:INTC traded up $0.76 during mid-day trading on Friday, reaching $43.60. The stock had a trading volume of 32,022,162 shares, compared to its average volume of 36,765,636. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. The firm has a market capitalization of $178.28 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.62 and a beta of 0.61. Intel Co. has a twelve month low of $42.01 and a twelve month high of $58.42. The business has a 50 day simple moving average of $46.87 and a 200 day simple moving average of $49.04.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 3.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a yield of 3.35%. Intel’s dividend payout ratio (DPR) is presently 24.25%.

In other Intel news, CFO David Zinsner acquired 5,500 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average cost of $44.73 per share, with a total value of $246,015.00. Following the purchase, the chief financial officer now directly owns 8,803 shares in the company, valued at approximately $393,758.19. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 5,600 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average cost of $44.27 per share, with a total value of $247,912.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 22,125 shares of company stock valued at $991,265. 0.02% of the stock is currently owned by corporate insiders.

A number of research analysts have commented on the company. Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $55.00 to $47.00 in a research note on Thursday, March 3rd. Truist Financial decreased their price target on Intel from $53.00 to $49.00 in a research note on Friday, April 8th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on Intel in a research note on Friday, February 18th. The Goldman Sachs Group set a $41.00 price target on Intel in a research note on Monday, March 28th. Finally, Mizuho cut their price objective on Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.82.

Intel Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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