Intel Co. (NASDAQ:INTC) Shares Sold by Biechele Royce Advisors

Biechele Royce Advisors cut its position in shares of Intel Co. (NASDAQ:INTC) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 240,927 shares of the chip maker’s stock after selling 6,975 shares during the quarter. Intel accounts for 3.5% of Biechele Royce Advisors’ investment portfolio, making the stock its 15th biggest holding. Biechele Royce Advisors’ holdings in Intel were worth $10,642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Intel by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock worth $19,385,842,000 after buying an additional 4,678,169 shares in the last quarter. Capital International Investors grew its position in shares of Intel by 0.3% in the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock valued at $4,855,099,000 after purchasing an additional 318,495 shares during the period. Primecap Management Co. CA grew its position in shares of Intel by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after purchasing an additional 475,636 shares during the period. Norges Bank purchased a new stake in shares of Intel in the fourth quarter valued at $2,424,202,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Intel by 543.5% in the fourth 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 purchasing an additional 31,575,084 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

INTC stock traded down $1.37 on Thursday, reaching $33.50. The company’s stock had a trading volume of 55,083,593 shares, compared to its average volume of 47,225,066. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The company has a market capitalization of $142.61 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 16.20 and a beta of 1.05. The firm has a fifty day moving average of $31.03 and a two-hundred day moving average of $38.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a dividend of $0.125 per share. 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 1.49%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on INTC shares. Susquehanna lowered their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. HSBC lowered their price target on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Barclays lowered their price target on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Three 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.