Thompson Investment Management Inc. Has $528,000 Position in Intel Co. (NASDAQ:INTC)

Thompson Investment Management Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTCFree Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,951 shares of the chip maker’s stock after selling 1,125 shares during the quarter. Thompson Investment Management Inc.’s holdings in Intel were worth $528,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Slow Capital Inc. grew its stake in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares during the last quarter. Altus Wealth Group LLC grew its position in Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares during the period. Alera Investment Advisors LLC acquired a new position in shares of Intel during the fourth quarter valued at about $201,000. Finally, Callan Capital LLC lifted its stake in shares of Intel by 9.1% in the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after buying an additional 1,474 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a filing 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 stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on INTC shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Wedbush reduced their target price on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Jefferies Financial Group began coverage on shares of Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 price objective for the company. Truist Financial lowered their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Finally, StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.58.

Check Out Our Latest Report on INTC

Intel Trading Up 0.6 %

Shares of INTC stock traded up $0.17 on Tuesday, hitting $30.74. 29,467,346 shares of the company’s stock traded hands, compared to its average volume of 47,158,082. The company’s fifty day simple moving average is $31.45 and its 200 day simple moving average is $39.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The stock has a market capitalization of $130.86 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 14.82 and a beta of 1.06.

Intel (NASDAQ:INTCGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Equities analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.63%. Intel’s dividend payout ratio (DPR) is 52.08%.

About Intel

(Free Report)

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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