Nation Membership Financial institution decreased its holdings in shares of Intel Co. (NASDAQ:INTC – Free Report) by 58.8% in the course of the third quarter, Holdings Channel reviews. The fund owned 93,939 shares of the chip maker’s inventory after promoting 134,155 shares in the course of the interval. Nation Membership Financial institution’s holdings in Intel have been value $2,246,000 on the finish of the newest reporting interval.
Different institutional traders and hedge funds have additionally purchased and bought shares of the corporate. Vanguard Group Inc. grew its holdings in shares of Intel by 0.9% within the first quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s inventory value $17,186,478,000 after buying an extra 3,310,528 shares over the past quarter. Capital Worldwide Traders grew its holdings in shares of Intel by 16.0% within the first quarter. Capital Worldwide Traders now owns 112,093,582 shares of the chip maker’s inventory value $4,951,174,000 after buying an extra 15,475,631 shares over the past quarter. Primecap Administration Co. CA grew its holdings in shares of Intel by 2.2% within the second quarter. Primecap Administration Co. CA now owns 77,822,587 shares of the chip maker’s inventory value $2,410,166,000 after buying an extra 1,697,550 shares over the past quarter. Worth T Rowe Associates Inc. MD grew its holdings in shares of Intel by 6.6% within the first quarter. Worth T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s inventory value $1,759,811,000 after buying an extra 2,457,243 shares over the past quarter. Lastly, Authorized & Basic Group Plc grew its holdings in shares of Intel by 1.3% within the second quarter. Authorized & Basic Group Plc now owns 37,513,226 shares of the chip maker’s inventory value $1,161,779,000 after buying an extra 487,191 shares over the past quarter. 64.53% of the inventory is at the moment owned by institutional traders.
Insider Shopping for and Promoting
In different Intel information, CEO Patrick P. Gelsinger bought 12,500 shares of Intel inventory in a transaction dated Monday, August fifth. The inventory was bought at a mean worth of $20.16 per share, with a complete worth of $252,000.00. Following the transaction, the chief government officer now immediately owns 37,975 shares of the corporate’s inventory, valued at $765,576. This commerce represents a 0.00 % enhance of their possession of the inventory. The acquisition was disclosed in a submitting with the Securities & Trade Fee, which is accessible by this hyperlink. 0.04% of the inventory is owned by company insiders.
Wall Road Analyst Weigh In
A number of brokerages have lately issued reviews on INTC. Cantor Fitzgerald minimize their goal worth on shares of Intel from $40.00 to $27.00 and set a “impartial” ranking on the inventory in a report on Friday, August 2nd. Raymond James lowered Intel from an “outperform” ranking to a “market carry out” ranking in a analysis notice on Friday, August 2nd. Benchmark reaffirmed a “maintain” ranking on shares of Intel in a analysis notice on Monday, September twenty third. Financial institution of America lowered Intel from a “impartial” ranking to an “underperform” ranking and dropped their worth goal for the inventory from $35.00 to $23.00 in a analysis notice on Friday, August 2nd. Lastly, HSBC lowered Intel from a “maintain” ranking to a “cut back” ranking in a analysis notice on Friday, August 2nd. Six equities analysis analysts have rated the inventory with a promote ranking, twenty-four have issued a maintain ranking and one has issued a purchase ranking to the corporate. Based mostly on information from MarketBeat.com, the inventory has a mean ranking of “Maintain” and a mean goal worth of $31.15.
View Our Newest Evaluation on Intel
Intel Worth Efficiency
NASDAQ INTC opened at $22.68 on Friday. Intel Co. has a one 12 months low of $18.51 and a one 12 months excessive of $51.28. The inventory has a 50-day transferring common of $21.62 and a 200 day transferring common of $27.53. The corporate has a market capitalization of $96.98 billion, a price-to-earnings ratio of 98.61 and a beta of 1.03. The corporate has a debt-to-equity ratio of 0.40, a fast ratio of 1.24 and a present ratio of 1.59.
Intel (NASDAQ:INTC – Get Free Report) final launched its quarterly earnings information on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, lacking the consensus estimate of $0.10 by ($0.08). Intel had a return on fairness of 1.78% and a internet margin of 1.77%. The enterprise had income of $12.80 billion in the course of the quarter, in comparison with the consensus estimate of $12.92 billion. Throughout the identical quarter within the earlier 12 months, the enterprise posted ($0.05) earnings per share. Intel’s quarterly income was down .8% in comparison with the identical quarter final 12 months. On common, sell-side analysts forecast that Intel Co. will submit -0.47 EPS for the present 12 months.
Intel Dividend Announcement
The agency additionally lately disclosed a quarterly dividend, which was paid on Sunday, September 1st. Traders of document on Wednesday, August seventh have been issued a $0.125 dividend. The ex-dividend date was Wednesday, August seventh. This represents a $0.50 annualized dividend and a yield of two.20%. Intel’s payout ratio is 217.40%.
About Intel
Intel Company designs, develops, manufactures, markets, and sells computing and associated services and products worldwide. It operates by Consumer Computing Group, Knowledge Heart and AI, Community and Edge, Mobileye, and Intel Foundry Providers segments. The corporate’s merchandise portfolio contains central processing models and chipsets, system-on-chips (SoCs), and multichip packages; cell and desktop processors; {hardware} merchandise comprising graphics processing models (GPUs), domain-specific accelerators, and subject programmable gate arrays (FPGAs); and reminiscence and storage, connectivity and networking, and different semiconductor merchandise.
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