Sciencast Management LP Takes Position in Intel Co. (NASDAQ:INTC)

Sciencast Management LP acquired a new position in Intel Co. (NASDAQ:INTC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,169 shares of the chip maker’s stock, valued at approximately $1,465,000.

Several other institutional investors have also recently modified their holdings of INTC. Vanguard Group Inc. boosted its stake in Intel by 1.2% in 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 raised its position in Intel by 0.3% in the 4th quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock worth $4,855,099,000 after purchasing an additional 318,495 shares during the period. Primecap Management Co. CA boosted its position in Intel by 0.6% during 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 buying an additional 475,636 shares during the period. Norges Bank bought a new stake in shares of Intel in the 4th quarter valued at about $2,424,202,000. Finally, Price T Rowe Associates Inc. MD grew its position in Intel by 543.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after acquiring an additional 31,575,084 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 3.0 %

Intel stock traded up $0.99 during mid-day trading on Friday, reaching $34.49. The stock had a trading volume of 62,738,180 shares, compared to its average volume of 47,343,211. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market capitalization of $146.82 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 16.62 and a beta of 1.05. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The company has a 50-day moving average price of $31.16 and a two-hundred day moving average price of $38.60.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. On average, analysts expect 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. Shareholders of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is 52.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on INTC shares. Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday, April 26th. The Goldman Sachs Group dropped their target price on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a report on Thursday, May 9th. StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, Roth Mkm dropped their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.58.

Insider Transactions at Intel

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

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.