Delaney Dennis R Lowers Position in Intel Co. (NASDAQ:INTC)

Delaney Dennis R cut its stake in Intel Co. (NASDAQ:INTC) by 43.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,890 shares of the chip maker’s stock after selling 4,500 shares during the quarter. Delaney Dennis R’s holdings in Intel were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Intel by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock worth $19,385,842,000 after purchasing an additional 4,678,169 shares during the last quarter. Capital International Investors raised its stake in shares of Intel by 0.3% in the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock worth $4,855,099,000 after purchasing an additional 318,495 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of Intel by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after purchasing an additional 475,636 shares during the last quarter. Norges Bank purchased a new stake in shares of Intel during the fourth quarter valued at approximately $2,424,202,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Intel by 543.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after acquiring an additional 31,575,084 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Intel Price Performance

INTC stock traded down $1.37 during mid-day trading on Thursday, hitting $33.50. 55,083,593 shares of the stock were exchanged, compared to its average volume of 47,225,066. The business has a fifty day moving average price of $31.09 and a 200 day moving average price of $38.69. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28. 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 stock has a market capitalization of $142.61 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 16.20 and a beta of 1.05.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, sell-side analysts anticipate that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, April 26th. HSBC decreased their price target on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Susquehanna decreased their price target on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, StockNews.com raised Intel from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $39.58.

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.