IFM Investors Pty Ltd Increases Stake in Intel Co. (NASDAQ:INTC)

IFM Investors Pty Ltd boosted its holdings in Intel Co. (NASDAQ:INTC) by 9.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 449,150 shares of the chip maker’s stock after purchasing an additional 39,353 shares during the quarter. Intel accounts for approximately 0.8% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 20th largest holding. IFM Investors Pty Ltd’s holdings in Intel were worth $28,746,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Curi Capital purchased a new position in Intel in the fourth quarter valued at approximately $26,000. DB Wealth Management Group LLC purchased a new stake in shares of Intel during the fourth quarter valued at approximately $29,000. Annapolis Financial Services LLC purchased a new stake in shares of Intel during the fourth quarter valued at approximately $30,000. Ogorek Anthony Joseph NY ADV purchased a new stake in shares of Intel during the fourth quarter valued at approximately $31,000. Finally, JCIC Asset Management Inc. raised its stake in shares of Intel by 177.5% during the first quarter. JCIC Asset Management Inc. now owns 566 shares of the chip maker’s stock valued at $36,000 after purchasing an additional 362 shares during the period. Hedge funds and other institutional investors own 63.25% of the company’s stock.

A number of research firms have recently weighed in on INTC. Truist raised their price target on shares of Intel from $60.00 to $64.00 in a research report on Friday, January 22nd. The Goldman Sachs Group reissued a “sell” rating and set a $59.00 price target on shares of Intel in a research report on Friday, April 23rd. Sanford C. Bernstein set a $43.00 price target on shares of Intel and gave the stock a “sell” rating in a research report on Wednesday, March 24th. Royal Bank of Canada raised their price target on shares of Intel from $40.00 to $47.00 and gave the stock a “sell” rating in a research report on Friday, January 22nd. Finally, Loop Capital raised their price target on shares of Intel from $50.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, March 30th. Thirteen research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $63.29.

In other Intel news, EVP Gregory M. Bryant sold 2,842 shares of the business’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $57.83, for a total value of $164,352.86. Also, Director Dion J. Weisler purchased 4,464 shares of the company’s stock in a transaction on Tuesday, May 4th. The stock was acquired at an average price of $56.00 per share, for a total transaction of $249,984.00. Following the completion of the transaction, the director now owns 4,464 shares of the company’s stock, valued at approximately $249,984. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Shares of NASDAQ INTC traded up $1.34 during midday trading on Friday, reaching $55.35. 28,158,312 shares of the company traded hands, compared to its average volume of 34,598,078. Intel Co. has a 52 week low of $43.61 and a 52 week high of $68.49. The stock has a 50-day moving average price of $61.74 and a 200 day moving average price of $55.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24. The company has a market cap of $223.50 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.63 and a beta of 0.74.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, April 21st. The chip maker reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.24. Intel had a net margin of 28.10% and a return on equity of 29.44%. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $17.97 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. As a group, analysts expect that Intel Co. will post 4.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be given a $0.3475 dividend. This represents a $1.39 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 6th. Intel’s dividend payout ratio (DPR) is presently 28.54%.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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