Prosperity Wealth Management Inc. bought a new stake in Intel Co. (NASDAQ:INTC – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,823 shares of the chip maker’s stock, valued at approximately $293,000.
Several other institutional investors have also modified their holdings of INTC. Vanguard Group Inc. grew its stake in shares of Intel by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after buying an additional 1,624,453 shares during the period. State Street Corp grew its position in Intel by 0.8% in the first quarter. State Street Corp now owns 179,319,417 shares of the chip maker’s stock worth $5,858,347,000 after acquiring an additional 1,447,881 shares during the period. Primecap Management Co. CA increased its stake in Intel by 6.0% during the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after acquiring an additional 4,226,790 shares during the last quarter. Morgan Stanley raised its position in Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after purchasing an additional 12,241,200 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after purchasing an additional 51,083,262 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Insider Buying and Selling
In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on INTC
Intel Price Performance
Shares of Intel stock traded down $0.73 during trading on Wednesday, reaching $35.53. The company’s stock had a trading volume of 12,438,072 shares, compared to its average volume of 46,518,539. The business has a 50 day moving average price of $42.32 and a 200-day moving average price of $42.40. The company has a market capitalization of $150.22 billion, a P/E ratio of 92.03, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.
Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. As a group, sell-side analysts anticipate that Intel Co. will post 0.62 EPS for the current year.
Intel Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.
Intel Company Profile
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.
Featured Articles
- Five stocks we like better than Intel
- Technology Stocks Explained: Here’s What to Know About Tech
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Stock Market Sectors: What Are They and How Many Are There?
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Abbott Laboratories Outlook is Healthy: Buy the Dip
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC – Free Report).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.