Dimensional Fund Advisors LP Buys 656,583 Shares of Intel Co. (NASDAQ:INTC)

Dimensional Fund Advisors LP grew its stake in shares of Intel Co. (NASDAQ:INTC) by 2.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,512,863 shares of the chip maker’s stock after buying an additional 656,583 shares during the period. Dimensional Fund Advisors LP’s holdings in Intel were worth $759,127,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Keene & Associates Inc. lifted its position in shares of Intel by 14.6% in the 2nd quarter. Keene & Associates Inc. now owns 90,114 shares of the chip maker’s stock worth $2,791,000 after acquiring an additional 11,496 shares during the period. Angeles Investment Advisors LLC lifted its stake in Intel by 78.3% during the second quarter. Angeles Investment Advisors LLC now owns 10,515 shares of the chip maker’s stock worth $326,000 after purchasing an additional 4,618 shares during the period. Greenwich Wealth Management LLC boosted its holdings in Intel by 2.4% during the second quarter. Greenwich Wealth Management LLC now owns 64,155 shares of the chip maker’s stock valued at $1,987,000 after purchasing an additional 1,527 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Intel in the 2nd quarter valued at approximately $35,000. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Intel in the 2nd quarter worth approximately $99,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock opened at $19.66 on Monday. The firm has a market cap of $84.07 billion, a PE ratio of 20.48 and a beta of 1.03. The business has a 50 day moving average of $24.98 and a 200-day moving average of $31.60. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. As a group, sell-side analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on INTC shares. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. UBS Group cut their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Roth Mkm cut their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. The Goldman Sachs Group lowered their target price on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $32.04.

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.