Capital International Sarl Acquires 14,110 Shares of Intel Co. (NASDAQ:INTC)

Capital International Sarl grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 43.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,649 shares of the chip maker’s stock after purchasing an additional 14,110 shares during the quarter. Capital International Sarl’s holdings in Intel were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Slow Capital Inc. raised its holdings in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares in the last quarter. Altus Wealth Group LLC raised its holdings in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after purchasing an additional 2,915 shares in the last quarter. Alera Investment Advisors LLC acquired a new position in Intel in the 4th quarter valued at $201,000. Finally, Brookstone Capital Management grew its stake in Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research note on Wednesday. The Goldman Sachs Group lowered their target price on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. Wells Fargo & Company decreased their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $40.00 price target on shares of Intel in a research report on Tuesday, July 16th. Finally, Barclays decreased their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.25.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction dated 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 acquisition, 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 Trading Up 0.8 %

INTC traded up $0.25 during trading on Friday, reaching $31.35. 38,317,616 shares of the company’s stock were exchanged, compared to its average volume of 47,967,676. The company’s fifty day moving average price is $31.63 and its 200-day moving average price is $37.51. 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 fifty-two week low of $29.73 and a fifty-two week high of $51.28. The firm has a market capitalization of $133.46 billion, a PE ratio of 32.66, a P/E/G ratio of 18.97 and a beta of 1.05.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. As a group, equities analysts forecast that Intel Co. will post 0.07 EPS for the current year.

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.