Intel Co. (NASDAQ:INTC) Shares Bought by Loudon Investment Management LLC

Loudon Investment Management LLC increased its stake in Intel Co. (NASDAQ:INTC) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,552 shares of the chip maker’s stock after acquiring an additional 2,304 shares during the period. Intel makes up 2.0% of Loudon Investment Management LLC’s investment portfolio, making the stock its 17th largest position. Loudon Investment Management LLC’s holdings in Intel were worth $3,244,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Intel by 0.4% in the 3rd 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 during the last quarter. Primecap Management Co. CA raised its position in shares of Intel by 6.0% in the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after buying an additional 4,226,790 shares during the period. Northern Trust Corp boosted its holdings in Intel by 3.7% in the third 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 during the last quarter. Bank of New York Mellon Corp grew its position in Intel by 18.6% during the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after acquiring an additional 6,064,950 shares during the period. Finally, Invesco Ltd. increased its stake in Intel by 13.4% during the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock worth $1,272,266,000 after acquiring an additional 4,222,381 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Up 0.5 %

Intel stock traded up $0.14 during midday trading on Thursday, hitting $30.51. The stock had a trading volume of 50,828,715 shares, compared to its average volume of 48,715,383. 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 business has a fifty day moving average price of $40.09 and a 200 day moving average price of $42.14. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market cap of $129.88 billion, a P/E ratio of 31.59, a P/E/G ratio of 8.39 and a beta of 1.09.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INTC shares. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday, April 26th. Bank of America decreased their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Wedbush dropped their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Truist Financial reduced their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Finally, Mizuho lowered their price target on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.75.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

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.