Commonwealth Equity Services LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC – Free Report) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,969,327 shares of the chip maker’s stock after selling 59,388 shares during the period. Commonwealth Equity Services LLC’s holdings in Intel were worth $65,854,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of INTC. State Street Corp increased its stake in shares of Intel by 0.8% in the first quarter. State Street Corp now owns 179,319,417 shares of the chip maker’s stock valued at $5,858,347,000 after purchasing an additional 1,447,881 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Intel by 98,521.3% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 178,121,843 shares of the chip maker’s stock valued at $5,956,394,000 after purchasing an additional 177,941,231 shares during the period. Geode Capital Management LLC increased its stake in shares of Intel by 0.6% in the first quarter. Geode Capital Management LLC now owns 82,728,971 shares of the chip maker’s stock valued at $2,696,916,000 after purchasing an additional 512,209 shares during the period. Morgan Stanley increased its stake in shares of Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after purchasing an additional 12,241,200 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after purchasing an additional 51,083,262 shares during the period. Institutional investors own 60.84% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Intel in a research note on Friday, October 27th. Mizuho raised shares of Intel from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $50.00 in a research note on Thursday. TD Cowen lifted their target price on shares of Intel from $31.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Barclays raised their price target on shares of Intel from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Finally, Wedbush raised their price target on shares of Intel from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.53.
Intel Trading Up 1.1 %
Shares of INTC traded up $0.46 on Friday, reaching $43.81. 49,749,721 shares of the company’s stock were exchanged, compared to its average volume of 42,165,434. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $184.70 billion, a P/E ratio of -109.53, a price-to-earnings-growth ratio of 15.13 and a beta of 0.88. The business has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $34.31. Intel Co. has a 12 month low of $24.73 and a 12 month high of $43.81.
Intel (NASDAQ:INTC – Get Free Report) last issued its earnings results on Thursday, October 26th. The chip maker reported $0.41 EPS for the quarter, beating the consensus estimate of $0.21 by $0.20. Intel had a negative net margin of 3.11% and a positive return on equity of 0.49%. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $13.57 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Research analysts anticipate that Intel Co. will post 0.19 earnings per share for the current year.
Intel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, November 6th. Intel’s dividend payout ratio is -125.00%.
Insider Transactions at Intel
In related news, CEO Patrick P. Gelsinger acquired 6,775 shares of the stock in a transaction dated Wednesday, November 1st. The stock was bought at an average price of $36.80 per share, with a total value of $249,320.00. Following the completion of the transaction, the chief executive officer now directly owns 25,475 shares of the company’s stock, valued at $937,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.
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.
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