19,703 Shares in Intel Co. (NASDAQ:INTC) Purchased by Prelude Capital Management LLC

Prelude Capital Management LLC bought a new position in Intel Co. (NASDAQ:INTC – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,703 shares of the chip maker’s stock, valued at approximately $508,000.

Several other large investors also recently modified their holdings of the business. Primecap Management Co. CA boosted its position in Intel by 7.2% during the 3rd quarter. Primecap Management Co. CA now owns 52,117,226 shares of the chip maker’s stock valued at $1,343,061,000 after acquiring an additional 3,518,980 shares in the last quarter. Legal & General Group Plc boosted its position in Intel by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 31,505,367 shares of the chip maker’s stock valued at $1,178,619,000 after acquiring an additional 628,215 shares in the last quarter. State Farm Mutual Automobile Insurance Co. boosted its position in Intel by 1.9% during the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 26,389,039 shares of the chip maker’s stock valued at $987,214,000 after acquiring an additional 485,720 shares in the last quarter. Deutsche Bank AG boosted its position in Intel by 11.7% during the 2nd quarter. Deutsche Bank AG now owns 23,573,139 shares of the chip maker’s stock valued at $881,871,000 after acquiring an additional 2,473,555 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Intel by 6.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,354,790 shares of the chip maker’s stock worth $1,107,904,000 after purchasing an additional 1,332,635 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 9,700 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was bought at an average price of $25.68 per share, with a total value of $249,096.00. Following the acquisition, the chief executive officer now owns 18,700 shares of the company’s stock, valued at approximately $480,216. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick P. Gelsinger bought 9,700 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was bought at an average price of $25.68 per share, with a total value of $249,096.00. Following the acquisition, the chief executive officer now owns 18,700 shares of the company’s stock, valued at approximately $480,216. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 9,000 shares of the company’s stock in a transaction on Tuesday, January 31st. The shares were bought at an average cost of $27.83 per share, with a total value of $250,470.00. Following the acquisition, the chief executive officer now directly owns 9,000 shares in the company, valued at $250,470. The disclosure for this purchase can be found here. In the last quarter, insiders bought 20,500 shares of company stock valued at $549,768. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, January 27th. Susquehanna dropped their price target on Intel from $24.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, January 27th. The Goldman Sachs Group set a $24.00 price target on Intel in a research report on Friday, January 27th. Credit Suisse Group set a $25.00 price target on Intel in a research report on Thursday, February 23rd. Finally, Barclays dropped their price target on Intel from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 27th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.28.

Intel Trading Up 3.0 %

NASDAQ:INTC opened at $27.22 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 1.16. The firm has a market capitalization of $112.61 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 8.70 and a beta of 0.81. Intel Co. has a one year low of $24.59 and a one year high of $52.51. The business has a fifty day moving average price of $27.97 and a 200-day moving average price of $28.24.

Intel (NASDAQ:INTC – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). The company had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $14.49 billion. Intel had a return on equity of 7.45% and a net margin of 12.71%. The company’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Sell-side analysts forecast that Intel Co. will post 0.55 EPS for the current year.

Intel Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, May 4th. Intel’s dividend payout ratio is currently 74.49%.

Intel Company Profile

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.