Intel Co. (NASDAQ:INTC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,776,292 shares of the chip maker’s stock after purchasing an additional 748,779 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.66% of Intel worth $928,839,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Illinois Municipal Retirement Fund grew its position in Intel by 30.1% in the second quarter. Illinois Municipal Retirement Fund now owns 378,413 shares of the chip maker’s stock valued at $12,654,000 after acquiring an additional 87,626 shares in the last quarter. Psagot Value Holdings Ltd. Israel grew its position in Intel by 43.7% in the first quarter. Psagot Value Holdings Ltd. Israel now owns 4,456 shares of the chip maker’s stock valued at $142,000 after acquiring an additional 1,356 shares in the last quarter. Mechanics Financial Corp grew its position in Intel by 13.5% in the second quarter. Mechanics Financial Corp now owns 8,682 shares of the chip maker’s stock valued at $290,000 after acquiring an additional 1,032 shares in the last quarter. Birchcreek Wealth Management LLC grew its position in shares of Intel by 5.4% during the second quarter. Birchcreek Wealth Management LLC now owns 29,512 shares of the chip maker’s stock worth $987,000 after buying an additional 1,525 shares in the last quarter. Finally, MV Capital Management Inc. grew its position in shares of Intel by 7.0% during the second quarter. MV Capital Management Inc. now owns 7,326 shares of the chip maker’s stock worth $245,000 after buying an additional 479 shares in the last quarter. Institutional investors and hedge funds own 60.84% of the company’s stock.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 6,775 shares of Intel stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of $36.80 per share, for a total transaction of $249,320.00. Following the completion of the acquisition, the chief executive officer now owns 25,475 shares in the company, valued at $937,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Analyst Ratings Changes

INTC has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Intel in a research report on Friday, October 27th. Wedbush raised their price objective on Intel from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $27.00 to $33.00 in a research note on Friday, October 27th. Northland Securities raised their target price on Intel from $45.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Finally, TD Cowen raised their target price on Intel from $31.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.09.

Intel Stock Up 0.4 %

Shares of Intel stock opened at $39.55 on Wednesday. The stock has a market capitalization of $166.74 billion, a P/E ratio of -98.52, a PEG ratio of 14.24 and a beta of 0.88. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $36.42 and a two-hundred day moving average price of $34.11. Intel Co. has a 12-month low of $24.73 and a 12-month high of $40.07.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.20. Intel had a positive return on equity of 0.49% and a negative net margin of 3.11%. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.57 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Equities analysts expect that Intel Co. will post 0.19 earnings per share for the current year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, November 6th. Intel’s dividend payout ratio is -125.00%.

Intel 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.