OVERSEA CHINESE BANKING Corp Ltd Acquires New Position in Intel Co. (NASDAQ:INTC)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,152 shares of the chip maker’s stock, valued at approximately $1,367,000.

A number of other institutional investors have also bought and sold shares of INTC. Slow Capital Inc. lifted its position in Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC raised its holdings in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the period. Alera Investment Advisors LLC acquired a new position in shares of Intel during the 4th quarter valued at about $201,000. Vanguard Capital Wealth Advisors grew its holdings in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. acquired a new stake in Intel during the fourth quarter worth about $293,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTC has been the topic of several recent analyst reports. Mizuho dropped their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, February 23rd. Susquehanna reduced their target price on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday. The Goldman Sachs Group increased their price target on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Finally, Raymond James reduced their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $42.62.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Intel Stock Down 2.4 %

NASDAQ INTC traded down $0.84 on Friday, hitting $34.20. 59,070,310 shares of the stock were exchanged, compared to its average volume of 48,337,516. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a 50-day moving average price of $41.85 and a 200-day moving average price of $42.34. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The company has a market cap of $144.60 billion, a PE ratio of 87.69, a PEG ratio of 3.07 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Intel Company 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.