Intel Co. (NASDAQ:INTC) Shares Bought by River Global Investors LLP

River Global Investors LLP raised its position in Intel Co. (NASDAQ:INTC) by 114.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 142,274 shares of the chip maker’s stock after buying an additional 76,026 shares during the quarter. Intel comprises about 1.4% of River Global Investors LLP’s holdings, making the stock its 14th largest position. River Global Investors LLP’s holdings in Intel were worth $7,150,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Avalon Trust Co purchased a new stake in shares of Intel during the 4th quarter worth $56,000. TCG Advisory Services LLC boosted its position in shares of Intel by 21.7% during the 4th quarter. TCG Advisory Services LLC now owns 10,828 shares of the chip maker’s stock worth $544,000 after purchasing an additional 1,928 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Intel during the 4th quarter worth $255,000. Todd Asset Management LLC purchased a new stake in shares of Intel during the 4th quarter worth $224,000. Finally, AJOVista LLC purchased a new stake in shares of Intel during the 4th quarter worth $165,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $31.42 per share, with a total value 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 disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday, April 26th. Sanford C. Bernstein decreased their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, Roth Mkm decreased their price objective on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $39.75.

Intel Trading Up 1.3 %

INTC traded up $0.39 on Friday, reaching $30.90. 36,794,828 shares of the company’s stock were exchanged, compared to its average volume of 58,447,700. The company’s 50 day moving average is $39.84 and its 200-day moving average is $42.06. The company has a market cap of $131.54 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 9.93 and a beta of 1.09. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

About Intel

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.