Intel Co. (NASDAQ:INTC) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its holdings in Intel Co. (NASDAQ:INTCFree Report) by 35.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,331 shares of the chip maker’s stock after purchasing an additional 18,581 shares during the quarter. Intel comprises approximately 0.5% of V Square Quantitative Management LLC’s portfolio, making the stock its 28th biggest position. V Square Quantitative Management LLC’s holdings in Intel were worth $3,107,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Intel in the 4th quarter valued at about $2,424,202,000. Price T Rowe Associates Inc. MD increased its position in Intel by 543.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after buying an additional 31,575,084 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after acquiring an additional 8,140,835 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Intel by 17.8% in the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after acquiring an additional 5,217,549 shares during the period. Finally, Alecta Tjanstepension Omsesidigt purchased a new position in shares of Intel during the fourth quarter worth approximately $251,250,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.36 on Tuesday, hitting $31.74. The company’s stock had a trading volume of 42,936,827 shares, compared to its average volume of 48,016,613. The stock has a 50 day moving average of $36.48 and a 200-day moving average of $41.74. The company has a market capitalization of $135.12 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 10.43 and a beta of 1.09. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel (NASDAQ:INTCGet Free Report) last posted its 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 analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, research analysts predict that Intel Co. will post 0.13 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. TD Cowen dropped their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Citigroup reduced their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Jefferies Financial Group started coverage on Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 target price on the stock. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Friday, April 26th. Finally, Roth Mkm decreased their price target on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.58.

Read Our Latest Report on INTC

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now directly 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. 0.04% of the stock is currently owned by corporate insiders.

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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