National Pension Service Purchases 140,827 Shares of Intel Co. (NASDAQ:INTC)

National Pension Service raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,807,689 shares of the chip maker’s stock after purchasing an additional 140,827 shares during the quarter. National Pension Service owned approximately 0.16% of Intel worth $342,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Vanguard Group Inc. grew its position in shares of Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after purchasing an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Intel by 6.0% during the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after buying an additional 4,226,790 shares during the period. Northern Trust Corp boosted its position in shares of Intel by 3.7% in the third quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after acquiring an additional 1,626,127 shares during the period. Invesco Ltd. increased its holdings in Intel by 13.4% during the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock worth $1,272,266,000 after acquiring an additional 4,222,381 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Intel by 17.8% in the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after purchasing an additional 5,217,549 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling 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 acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Up 0.5 %

NASDAQ:INTC traded up $0.15 during midday trading on Thursday, hitting $30.15. 20,117,422 shares of the company were exchanged, compared to its average volume of 48,259,418. The company has a fifty day simple moving average of $39.12 and a 200 day simple moving average of $42.05. The company has a market capitalization of $128.35 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.66%. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wedbush dropped their price target on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research note on Friday, April 26th. Morgan Stanley dropped their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Truist Financial dropped their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Raymond James dropped their price target on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, TD Cowen decreased their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $39.62.

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.