Symmetry Partners LLC Purchases 2,784 Shares of Intel Co. (NASDAQ:INTC)

Symmetry Partners LLC raised its position in Intel Co. (NASDAQ:INTC) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,117 shares of the chip maker’s stock after purchasing an additional 2,784 shares during the quarter. Symmetry Partners LLC’s holdings in Intel were worth $706,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of INTC. Venturi Wealth Management LLC bought a new position in Intel in the first quarter valued at about $32,000. Milestone Investment Advisors LLC bought a new position in shares of Intel during the first quarter worth about $32,000. Kepos Capital LP bought a new position in shares of Intel during the fourth quarter worth about $38,000. Ruedi Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter worth about $40,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in shares of Intel during the first quarter worth about $41,000. 60.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTC. Jefferies Financial Group raised their price objective on Intel from $32.00 to $35.00 in a research report on Thursday, June 22nd. Barclays raised their price objective on Intel from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. Robert W. Baird raised their price objective on Intel from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Citigroup lifted their target price on Intel from $29.50 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, July 18th. Finally, Wolfe Research lifted their target price on Intel from $27.00 to $31.00 and gave the stock an “underperform” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.55.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $38.67 on Friday. The business’s 50 day moving average is $34.88 and its 200 day moving average is $32.09. Intel Co. has a 12-month low of $24.59 and a 12-month high of $40.07. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.14. The business had revenue of $12.95 billion for the quarter, compared to analyst estimates of $12.03 billion. Intel had a positive return on equity of 1.70% and a negative net margin of 1.71%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 7th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, August 4th. This represents a $0.50 dividend on an annualized basis and a yield of 1.29%. Intel’s dividend payout ratio (DPR) is currently -227.26%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 3,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average cost of $34.63 per share, for a total transaction of $133,325.50. Following the completion of the acquisition, the chief executive officer now owns 105,495 shares of the company’s stock, valued at approximately $3,653,291.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 3,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average cost of $34.63 per share, for a total transaction of $133,325.50. Following the completion of the acquisition, the chief executive officer now owns 105,495 shares of the company’s stock, valued at approximately $3,653,291.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,250 shares of the stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $35.87 per share, for a total transaction of $116,577.50. Following the completion of the purchase, the chief executive officer now owns 139,715 shares of the company’s stock, valued at $5,011,577.05. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.