Sumitomo Mitsui Trust Holdings Inc. Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Intel Co. (NASDAQ:INTC) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,056,704 shares of the chip maker’s stock after purchasing an additional 332,173 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Intel worth $488,375,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in Intel during the 3rd quarter valued at approximately $1,496,000. Gotham Asset Management LLC lifted its stake in Intel by 19.0% in the 3rd quarter. Gotham Asset Management LLC now owns 64,938 shares of the chip maker’s stock worth $2,309,000 after purchasing an additional 10,388 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Intel by 301.9% during the 3rd quarter. Lazard Asset Management LLC now owns 361,607 shares of the chip maker’s stock valued at $12,853,000 after purchasing an additional 271,640 shares during the last quarter. Truist Financial Corp grew its position in shares of Intel by 5.5% during the third quarter. Truist Financial Corp now owns 1,544,003 shares of the chip maker’s stock valued at $54,889,000 after purchasing an additional 80,092 shares in the last quarter. Finally, First National Bank of Omaha lifted its position in shares of Intel by 21.1% in the third quarter. First National Bank of Omaha now owns 7,473 shares of the chip maker’s stock worth $266,000 after buying an additional 1,304 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

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

Intel Price Performance

Intel stock traded up $0.05 during midday trading on Wednesday, reaching $31.12. 3,795,660 shares of the company were exchanged, compared to its average volume of 46,294,973. The company has a market capitalization of $132.48 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 14.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The firm’s 50-day simple moving average is $31.01 and its 200-day simple moving average is $39.36. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. On average, analysts anticipate that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were given a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.61%. Intel’s dividend payout ratio (DPR) is 52.08%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on INTC shares. JPMorgan Chase & Co. cut their price target on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a report on Friday, April 26th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Jefferies Financial Group started coverage on shares of Intel in a report on Monday, May 13th. They issued a “hold” rating and a $34.00 target price on the stock. Finally, Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.58.

Intel 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.