Intel Co. (NASDAQ:INTC) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC lifted its position in Intel Co. (NASDAQ:INTC) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,337 shares of the chip maker’s stock after acquiring an additional 5,259 shares during the period. Empirical Finance LLC’s holdings in Intel were worth $6,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in INTC. Integrated Advisors Network LLC grew its position in Intel by 4.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 25,308 shares of the chip maker’s stock worth $900,000 after purchasing an additional 1,004 shares during the period. Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in shares of Intel during the 3rd quarter worth about $453,000. Carmignac Gestion boosted its stake in shares of Intel by 0.7% during the 3rd quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock worth $1,219,000 after acquiring an additional 251 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Intel during the 3rd quarter worth about $1,123,000. Finally, Wellington Management Group LLP boosted its stake in shares of Intel by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after acquiring an additional 5,217,549 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 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 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 corporate insiders.

Intel Trading Up 3.0 %

Shares of INTC stock traded up $0.99 during trading on Friday, hitting $34.49. 62,134,702 shares of the stock traded hands, compared to its average volume of 47,338,059. The firm has a market capitalization of $146.82 billion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 16.62 and a beta of 1.05. 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 52-week low of $29.73 and a 52-week high of $51.28. The firm’s fifty day moving average price is $31.09 and its 200-day moving average price is $38.69.

Intel (NASDAQ:INTC) last announced its 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). The firm had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, research analysts forecast that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is 52.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INTC. HSBC lowered their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Roth Mkm decreased their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. The Goldman Sachs Group lowered their price objective on Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Finally, Susquehanna lowered their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.58.

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.