LRI Investments LLC Invests $437,000 in Intel Co. (NASDAQ:INTC)

LRI Investments LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,903 shares of the chip maker’s stock, valued at approximately $437,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Intel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after buying an additional 3,310,528 shares during the last quarter. Capital International Investors raised its stake in Intel by 16.0% in the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after purchasing an additional 15,475,631 shares during the last quarter. Primecap Management Co. CA raised its stake in Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after purchasing an additional 475,636 shares during the last quarter. Norges Bank acquired a new position in Intel in the 4th quarter valued at about $2,424,202,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Intel by 543.5% in the 4th 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 purchasing an additional 31,575,084 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price 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 $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was acquired 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 in the company, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTC. Citigroup cut their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. 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 target price for the company. Susquehanna cut their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Sanford C. Bernstein lowered their price target on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday, April 26th. Finally, Wedbush lowered their price target on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.25.

Intel Stock Up 0.8 %

NASDAQ INTC traded up $0.25 on Friday, reaching $31.35. The company had a trading volume of 38,352,543 shares, compared to its average volume of 52,697,092. The firm has a market capitalization of $133.46 billion, a PE ratio of 32.66, a P/E/G ratio of 18.61 and a beta of 1.05. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The firm has a 50-day moving average of $31.63 and a 200-day moving average of $37.43. 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 (NASDAQ:INTC) last released its quarterly 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 company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, equities research analysts anticipate that Intel Co. will post 0.07 EPS for the current fiscal year.

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.