95,511 Shares in Intel Co. (NASDAQ:INTC) Acquired by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, HoldingsChannel reports. The fund purchased 95,511 shares of the chip maker’s stock, valued at approximately $4,799,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Slow Capital Inc. boosted its holdings in Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares during the period. Altus Wealth Group LLC boosted its holdings in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares during the period. Alera Investment Advisors LLC purchased a new position in Intel during the 4th quarter worth $201,000. Callan Capital LLC raised its position in Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its holdings in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after buying an additional 574 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was bought 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 directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the purchase, 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.

Intel Price Performance

NASDAQ INTC traded up $0.39 on Friday, hitting $30.90. The company had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market capitalization of $131.54 billion, a PE ratio of 32.19, a PEG ratio of 9.93 and a beta of 1.09. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company’s fifty day moving average price is $39.84 and its 200-day moving average price is $42.06.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent research reports. Bank of America decreased their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Morgan Stanley reduced their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, April 26th. TD Cowen decreased their price objective on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, HSBC cut their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.75.

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.