900,000 Shares in Intel Co. (NASDAQ:INTC) Bought by Caxton Associates LP

Caxton Associates LP bought a new stake in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 900,000 shares of the chip maker’s stock, valued at approximately $45,225,000. Intel makes up about 2.3% of Caxton Associates LP’s portfolio, making the stock its 10th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after purchasing an additional 1,624,453 shares in the last quarter. Capital International Investors boosted its holdings in shares of Intel by 0.3% in the 4th quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock valued at $4,855,099,000 after purchasing an additional 318,495 shares during the last quarter. Primecap Management Co. CA boosted its holdings in shares of 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 purchasing an additional 475,636 shares during the last quarter. Norges Bank acquired a new position in shares of Intel in the 4th quarter valued at $2,424,202,000. Finally, Northern Trust Corp lifted its holdings in shares of Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after acquiring an additional 1,626,127 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INTC. JPMorgan Chase & Co. reduced their target price on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. The Goldman Sachs Group reduced their target price on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Wedbush cut their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Three 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 data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $39.58.

Intel Price Performance

Shares of Intel stock traded down $0.07 during mid-day trading on Tuesday, reaching $30.84. 13,166,118 shares of the stock were exchanged, compared to its average volume of 47,364,082. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company has a market cap of $131.29 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 14.65 and a beta of 1.06. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The firm has a 50-day simple moving average of $33.03 and a 200 day simple moving average of $40.72.

Intel (NASDAQ:INTC) last issued its earnings results 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 net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. On average, sell-side analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Activity

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

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.