Intel Co. (NASDAQ:INTC) Holdings Raised by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 79,900.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the chip maker’s stock after purchasing an additional 39,950 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Intel were worth $1,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Norges Bank bought a new stake in shares of Intel during the fourth quarter valued at about $2,424,202,000. Price T Rowe Associates Inc. MD raised its stake in shares of Intel by 543.5% during 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 in the last quarter. California Public Employees Retirement System grew its holdings in Intel by 102.6% during the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after acquiring an additional 8,140,835 shares during the period. Wellington Management Group LLP grew its holdings in Intel by 17.8% during the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after acquiring an additional 5,217,549 shares during the period. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in Intel during the fourth quarter worth about $251,250,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of INTC traded up $0.23 during mid-day trading on Tuesday, hitting $31.07. The company’s stock had a trading volume of 35,970,294 shares, compared to its average volume of 46,633,656. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The firm has a market capitalization of $132.26 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 14.76 and a beta of 1.05. The stock’s 50-day moving average is $31.01 and its two-hundred day moving average is $39.36.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share 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 business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. As a group, sell-side analysts anticipate that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors 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 dividend on an annualized basis and a dividend yield of 1.61%. Intel’s payout ratio is 52.08%.

Analyst Ratings Changes

A number of research firms recently issued reports on INTC. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Wells Fargo & Company lowered their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Barclays lowered their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Finally, TD Cowen lowered their target price on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $39.58.

Insider Activity at Intel

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