Intel Co. (NASDAQ:INTC) Shares Acquired by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,211 shares of the chip maker’s stock after purchasing an additional 1,429 shares during the quarter. Intel comprises 3.2% of Stonebridge Capital Management Inc.’s holdings, making the stock its 9th largest position. Stonebridge Capital Management Inc.’s holdings in Intel were worth $7,253,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Intel by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after acquiring an additional 4,678,169 shares in the last quarter. Capital International Investors grew its holdings in Intel by 0.3% in the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock valued at $4,855,099,000 after purchasing an additional 318,495 shares during the period. Primecap Management Co. CA grew its holdings in Intel by 0.6% in the fourth 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 period. Norges Bank acquired a new stake in Intel in the fourth quarter valued at approximately $2,424,202,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Intel by 543.5% in the fourth 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 period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group raised their price objective on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Barclays dropped their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. TD Cowen lowered their price target on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Truist Financial lowered their price target on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Finally, HSBC lowered their price target on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.58.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.04 during trading hours on Thursday, reaching $30.58. The stock had a trading volume of 6,336,760 shares, compared to its average volume of 46,693,250. The firm has a market cap of $130.18 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 14.65 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The firm has a 50-day moving average of $31.34 and a 200-day moving average of $39.75.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Equities research analysts predict that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.64%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

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.