Intel Co. (NASDAQ:INTC) Shares Sold by Investment Partners LTD.

Investment Partners LTD. reduced its stake in Intel Co. (NASDAQ:INTC) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,576 shares of the chip maker’s stock after selling 453 shares during the quarter. Investment Partners LTD.’s holdings in Intel were worth $688,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Intel by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after purchasing an additional 4,678,169 shares in the last quarter. Capital International Investors raised its holdings in Intel by 0.3% during the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock worth $4,855,099,000 after purchasing an additional 318,495 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after buying an additional 475,636 shares in the last quarter. Norges Bank acquired a new position in shares of Intel in the 4th quarter valued at $2,424,202,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Intel by 543.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after acquiring an additional 31,575,084 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. Wedbush cut their target price on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Jefferies Financial Group initiated coverage on Intel in a report on Monday, May 13th. They issued a “hold” rating and a $34.00 price objective for the company. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. TD Cowen reduced their price target on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, Mizuho lowered their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $39.58.

Insider Buying and Selling at Intel

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

Intel Price Performance

INTC stock traded up $0.38 on Friday, reaching $30.97. The company had a trading volume of 9,883,113 shares, compared to its average volume of 46,583,609. The company’s fifty day moving average is $31.24 and its 200 day moving average is $39.68. The company has a market cap of $131.84 billion, a P/E ratio of 32.47, a PEG ratio of 14.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. On average, research analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.61%. Intel’s payout ratio is currently 52.08%.

About Intel

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.