KBC Group NV Boosts Stock Position in Intel Co. (NASDAQ:INTC)

KBC Group NV increased its stake in Intel Co. (NASDAQ:INTCFree Report) by 81.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,481,603 shares of the chip maker’s stock after buying an additional 1,117,088 shares during the quarter. KBC Group NV’s holdings in Intel were worth $124,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Millennium Group LLC grew its stake in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Intel in the 4th quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in Intel in the 4th quarter valued at approximately $27,000. Raleigh Capital Management Inc. lifted its position in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in Intel in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on INTC. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Bank of America decreased their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Citigroup decreased their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, Wells Fargo & Company decreased their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.58.

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Intel Stock Performance

NASDAQ INTC traded down $0.66 on Monday, reaching $30.19. 15,586,562 shares of the company’s stock traded hands, compared to its average volume of 47,824,051. The firm has a market cap of $128.52 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 14.71 and a beta of 1.06. The stock has a 50 day moving average price of $34.57 and a 200-day moving average price of $41.28. Intel Co. has a fifty-two week low of $29.69 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

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

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is currently 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated 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 purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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