Mediolanum International Funds Ltd Purchases New Position in Intel Co. (NASDAQ:INTC)

Mediolanum International Funds Ltd purchased a new stake in Intel Co. (NASDAQ:INTC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 131,068 shares of the chip maker’s stock, valued at approximately $5,737,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New Millennium Group LLC boosted its holdings in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $27,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a report on Thursday, May 9th. JPMorgan Chase & Co. cut their price target on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research note on Friday, April 26th. Sanford C. Bernstein cut their price target on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Citigroup cut their price target on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Finally, Mizuho cut their price target on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $39.58.

Intel Price Performance

Intel stock traded up $0.28 during trading hours on Wednesday, hitting $34.87. The stock had a trading volume of 52,146,203 shares, compared to its average volume of 47,164,734. The stock’s fifty day moving average is $30.94 and its two-hundred day moving average is $38.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The stock has a market capitalization of $148.44 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 16.20 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (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 business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. As a group, analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is 52.08%.

Insiders Place Their Bets

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

Intel 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.