Intel Co. (NASDAQ:INTC) Shares Bought by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,616 shares of the chip maker’s stock after buying an additional 1,008 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Intel were worth $453,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Intel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after acquiring an additional 3,310,528 shares during the period. Capital International Investors lifted its holdings in shares of Intel by 16.0% during the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. Primecap Management Co. CA grew its position in Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after buying an additional 475,636 shares during the last quarter. Norges Bank acquired a new position in Intel in the 4th quarter valued at $2,424,202,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Intel by 6.6% in 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 acquiring an additional 2,457,243 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

INTC stock traded down $0.14 during trading on Friday, hitting $19.26. The stock had a trading volume of 9,181,662 shares, compared to its average volume of 53,981,949. Intel Co. has a 1-year low of $18.84 and a 1-year high of $51.28. The stock has a market cap of $81.99 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05. The company’s 50 day moving average price is $26.41 and its two-hundred day moving average price is $32.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. On average, sell-side analysts forecast that Intel Co. will post -0.46 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent analyst reports. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, August 2nd. Finally, Benchmark downgraded Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $32.04.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.

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.