F M Investments LLC Makes New Investment in Intel Co. (NASDAQ:INTC)

F M Investments LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,812 shares of the chip maker’s stock, valued at approximately $490,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Intel by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after purchasing an additional 3,310,528 shares in the last quarter. Capital International Investors increased its holdings in Intel by 16.0% in the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after buying an additional 15,475,631 shares in the last quarter. Primecap Management Co. CA increased its holdings in Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after buying an additional 475,636 shares in the last quarter. Norges Bank purchased a new position in Intel in the 4th quarter worth about $2,424,202,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Intel by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock valued at $1,759,811,000 after acquiring an additional 2,457,243 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Price Performance

INTC stock opened at $22.04 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company’s fifty day moving average price is $27.24 and its 200-day moving average price is $33.41. Intel Co. has a one year low of $18.84 and a one year high of $51.28. The company has a market capitalization of $93.82 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.82% and a net margin of 1.77%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, equities analysts anticipate that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.27%. Intel’s dividend payout ratio (DPR) is 52.08%.

Analyst Ratings Changes

Several research firms have recently weighed in on INTC. Truist Financial decreased their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Finally, TD Cowen dropped their target price on Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.