O Shaughnessy Asset Management LLC Increases Stock Holdings in Intel Co. (NASDAQ:INTC)

O Shaughnessy Asset Management LLC raised its stake in shares of Intel Co. (NASDAQ:INTC) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,019 shares of the chip maker’s stock after acquiring an additional 47,818 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Intel were worth $11,573,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. New Millennium Group LLC boosted its position in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in Intel in the fourth quarter valued at about $27,000. Burkett Financial Services LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the 1st quarter worth approximately $27,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Intel in the first quarter worth $36,000. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following 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 filing with the SEC, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was 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 of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction dated 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 owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTC. Sanford C. Bernstein decreased their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday, April 26th. TD Cowen cut their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 26th. UBS Group boosted their target price on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Barclays decreased their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $39.25.

Intel Trading Down 1.3 %

Shares of NASDAQ INTC traded down $0.42 during midday trading on Tuesday, reaching $32.95. The company had a trading volume of 29,316,288 shares, compared to its average volume of 47,920,250. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $31.61 and its 200-day moving average price is $37.81. The stock has a market cap of $140.27 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 19.74 and a beta of 1.05. Intel Co. has a one year low of $29.73 and a one year high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 firm had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. On average, equities research analysts anticipate that Intel Co. will post 0.07 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.52%. Intel’s dividend payout ratio is currently 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.