Continental Investors Services Inc. Invests $264,000 in Intel Co. (NASDAQ:INTC)

Continental Investors Services Inc. bought a new position in Intel Co. (NASDAQ:INTC – Get Rating) in the 3rd quarter, Holdings Channel.com reports. The firm bought 7,744 shares of the chip maker’s stock, valued at approximately $264,000.

Several other hedge funds also recently made changes to their positions in INTC. Clearbridge Investments LLC lifted its stake in shares of Intel by 4,407.3% in the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Intel by 114.3% in the 3rd quarter. Two Sigma Advisers LP now owns 15,152,975 shares of the chip maker’s stock valued at $390,492,000 after purchasing an additional 8,080,700 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Intel by 12.4% in the 2nd quarter. Primecap Management Co. CA now owns 48,598,246 shares of the chip maker’s stock valued at $1,818,060,000 after purchasing an additional 5,344,285 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Intel by 125.7% in the 3rd quarter. Two Sigma Investments LP now owns 9,132,614 shares of the chip maker’s stock valued at $235,347,000 after purchasing an additional 5,085,561 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Intel by 2.3% in the 3rd quarter. State Street Corp now owns 180,279,279 shares of the chip maker’s stock valued at $4,645,797,000 after purchasing an additional 4,129,574 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Insider Buying and Selling at Intel

In other Intel news, CFO David Zinsner purchased 1,800 shares of Intel stock in a transaction on Monday, January 30th. The shares were purchased at an average cost of $27.89 per share, with a total value of $50,202.00. Following the completion of the transaction, the chief financial officer now directly owns 17,450 shares in the company, valued at approximately $486,680.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO David Zinsner bought 1,800 shares of Intel stock in a transaction dated Monday, January 30th. The shares were acquired at an average cost of $27.89 per share, with a total value of $50,202.00. Following the completion of the transaction, the chief financial officer now owns 17,450 shares in the company, valued at approximately $486,680.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger bought 9,700 shares of Intel stock in a transaction dated Thursday, February 23rd. The shares were purchased at an average cost of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the transaction, the chief executive officer now owns 18,700 shares of the company’s stock, valued at approximately $480,216. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,500 shares of company stock valued at $549,768 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Intel Price Performance

INTC opened at $30.18 on Friday. The stock has a market capitalization of $124.85 billion, a PE ratio of 15.40, a P/E/G ratio of 8.61 and a beta of 0.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.57. Intel Co. has a 1 year low of $24.59 and a 1 year high of $52.51. The company’s 50 day simple moving average is $28.07 and its 200 day simple moving average is $28.16.

Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The business had revenue of $14.04 billion for the quarter, compared to analyst estimates of $14.49 billion. Intel had a net margin of 12.71% and a return on equity of 7.45%. The company’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 0.55 EPS for the current year.

Intel Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a yield of 1.66%. Intel’s dividend payout ratio (DPR) is 74.49%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $32.00 to $28.00 and set a “hold” rating for the company in a report on Friday, January 27th. Cowen cut their price target on shares of Intel from $31.00 to $26.00 and set a “market perform” rating for the company in a report on Friday, January 27th. Robert W. Baird dropped their target price on shares of Intel from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 27th. Morgan Stanley upgraded shares of Intel from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $29.50 to $28.00 in a report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. set a $28.00 target price on shares of Intel in a report on Wednesday, February 22nd. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.38.

Intel Company Profile

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.