Westwood Holdings Group Inc. Acquires 1,878 Shares of Intel Co. (NASDAQ:INTC)

Westwood Holdings Group Inc. grew its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,291 shares of the chip maker’s stock after buying an additional 1,878 shares during the period. Westwood Holdings Group Inc.’s holdings in Intel were worth $3,733,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in Intel in the 4th quarter worth about $2,424,202,000. California Public Employees Retirement System boosted its stake in Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after purchasing an additional 8,140,835 shares in the last quarter. Wellington Management Group LLP boosted its stake in Intel by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after purchasing an additional 5,217,549 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in Intel during the 4th quarter valued at about $251,250,000. Finally, Primecap Management Co. CA lifted its stake in Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after acquiring an additional 4,226,790 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Susquehanna lowered their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Evercore ISI lowered their target price on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research note on Friday, April 26th. Wedbush lowered their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Finally, Roth Mkm reduced their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.58.

Read Our Latest Stock Report on Intel

Intel Stock Up 1.1 %

Shares of INTC opened at $30.74 on Monday. The company has a market cap of $130.86 billion, a PE ratio of 32.02, a P/E/G ratio of 14.65 and a beta of 1.06. The business has a fifty day moving average of $33.30 and a 200 day moving average of $40.81. Intel Co. has a 52-week low of $29.73 and a 52-week high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, sell-side analysts expect that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.63%. Intel’s payout ratio is 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price 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 in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

About Intel

(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.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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