Ossiam lowered its position in shares of Intel Co. (NASDAQ:INTC – Free Report) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,865 shares of the chip maker’s stock after selling 806 shares during the quarter. Ossiam’s holdings in Intel were worth $6,301,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of INTC. Venturi Wealth Management LLC bought a new stake in Intel during the first quarter valued at $32,000. Kepos Capital LP acquired a new position in shares of Intel during the fourth quarter valued at about $38,000. Ruedi Wealth Management Inc. acquired a new position in shares of Intel during the fourth quarter valued at about $40,000. China Universal Asset Management Co. Ltd. acquired a new position in shares of Intel during the first quarter valued at about $41,000. Finally, Lumature Wealth Partners LLC raised its holdings in shares of Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 490 shares during the period. Institutional investors own 60.84% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Intel from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Intel from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Friday, July 28th. Wolfe Research increased their price objective on shares of Intel from $27.00 to $31.00 and gave the company an “underperform” rating in a research note on Friday, July 28th. Robert W. Baird increased their price objective on shares of Intel from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Finally, Tigress Financial decreased their price objective on shares of Intel from $72.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Six research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.55.
Insider Activity
In other news, major shareholder Corp Intel sold 38,500,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $40.84, for a total transaction of $1,572,340,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 3,250 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $35.87 per share, for a total transaction of $116,577.50. Following the transaction, the chief executive officer now directly owns 139,715 shares in the company, valued at $5,011,577.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Corp Intel sold 38,500,000 shares of Intel stock in a transaction on Monday, June 12th. The stock was sold at an average price of $40.84, for a total transaction of $1,572,340,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,500,002 shares of company stock worth $1,572,340,065. 0.04% of the stock is currently owned by corporate insiders.
Intel Stock Down 0.4 %
Shares of NASDAQ:INTC opened at $38.01 on Friday. The firm has a fifty day moving average price of $34.41 and a two-hundred day moving average price of $31.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.15. Intel Co. has a one year low of $24.59 and a one year high of $38.83. The company has a market cap of $159.19 billion, a price-to-earnings ratio of -172.76 and a beta of 0.89.
Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.14. The firm had revenue of $12.95 billion during the quarter, compared to the consensus estimate of $12.03 billion. Intel had a negative net margin of 1.71% and a positive return on equity of 1.70%. Analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, August 4th. Intel’s dividend payout ratio (DPR) is currently -227.26%.
Intel Profile
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.
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