Clarius Group LLC Buys 12,592 Shares of Intel Co. (NASDAQ:INTC)

Clarius Group LLC raised its stake in Intel Co. (NASDAQ:INTC) by 62.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,767 shares of the chip maker’s stock after buying an additional 12,592 shares during the period. Clarius Group LLC’s holdings in Intel were worth $769,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in INTC. Vanguard Group Inc. boosted its position in shares of Intel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock valued at $17,186,478,000 after purchasing an additional 3,310,528 shares in the last quarter. Capital International Investors boosted its position in shares of Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after purchasing an additional 15,475,631 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of Intel by 2.2% during the 2nd quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock valued at $2,410,166,000 after purchasing an additional 1,697,550 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Intel by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock worth $1,759,811,000 after buying an additional 2,457,243 shares during the period. Finally, Legal & General Group Plc raised its stake in Intel by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker’s stock worth $1,161,779,000 after buying an additional 487,191 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Intel Price Performance

Intel stock opened at $23.56 on Friday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The business has a fifty day moving average price of $21.07 and a 200-day moving average price of $29.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The firm has a market capitalization of $100.74 billion, a P/E ratio of 102.44 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the previous year, the business earned ($0.05) earnings per share. Intel’s revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.12%. Intel’s dividend payout ratio (DPR) is presently 217.40%.

Analyst Ratings Changes

A number of research firms recently weighed in on INTC. Roth Mkm dropped their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Morgan Stanley lowered their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Intel in a research note on Monday, September 23rd. TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. Finally, Wedbush lowered their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $31.96.

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.