Intel Co. (NASDAQ:INTC) Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. lowered its stake in shares of Intel Co. (NASDAQ:INTCFree Report) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,423 shares of the chip maker’s stock after selling 9,193 shares during the quarter. Bellecapital International Ltd.’s holdings in Intel were worth $3,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Vanguard Group Inc. grew its holdings in shares of Intel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares during the period. State Street Corp grew its holdings in shares of Intel by 1.2% during the 2nd quarter. State Street Corp now owns 181,557,033 shares of the chip maker’s stock worth $6,071,267,000 after purchasing an additional 2,237,616 shares during the period. Primecap Management Co. CA grew its holdings in shares of Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after purchasing an additional 4,226,790 shares during the period. Morgan Stanley grew its holdings in shares of Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after purchasing an additional 12,241,200 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after purchasing an additional 51,083,262 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 0.9 %

Shares of INTC opened at $44.17 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The firm has a market capitalization of $186.75 billion, a PE ratio of 113.26, a price-to-earnings-growth ratio of 4.60 and a beta of 1.00. The stock’s fifty day simple moving average is $43.81 and its 200-day simple moving average is $42.10.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Intel Co. will post 0.64 earnings per share for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. Intel’s dividend payout ratio is presently 128.21%.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, December 18th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 26th. Wedbush reissued a “neutral” rating and set a $40.00 price target on shares of Intel in a research report on Friday, February 16th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Finally, Truist Financial dropped their price target on Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.03.

Check Out Our Latest Analysis on INTC

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Intel Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.