Intel Co. (NASDAQ:INTC) Shares Bought by New Century Financial Group LLC

New Century Financial Group LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,158 shares of the chip maker’s stock after acquiring an additional 1,273 shares during the period. New Century Financial Group LLC’s holdings in Intel were worth $625,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Intel in the 4th quarter valued at about $2,424,202,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Intel by 543.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $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 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after buying 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 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after buying an additional 5,217,549 shares during the period. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in shares of Intel in the 4th quarter valued at about $251,250,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intel

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

Intel Trading Up 0.5 %

Shares of INTC stock traded up $0.16 during trading hours on Thursday, reaching $31.23. 24,065,673 shares of the stock traded hands, compared to its average volume of 36,765,840. The business has a fifty day moving average price of $30.88 and a 200 day moving average price of $39.20. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The firm has a market capitalization of $132.95 billion, a PE ratio of 32.53, a PEG ratio of 14.81 and a beta of 1.05. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The company had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. On average, equities research analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is presently 52.08%.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Wedbush reduced their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research note on Friday, April 26th. Barclays reduced their target price on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Mizuho reduced their target price on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Morgan Stanley reduced their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com raised shares of Intel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.58.

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.