Intel Co. (NASDAQ:INTC) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in Intel Co. (NASDAQ:INTC) by 64.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,130 shares of the chip maker’s stock after acquiring an additional 22,025 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Intel were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Douglas Lane & Associates LLC boosted its holdings in Intel by 3.6% in the third quarter. Douglas Lane & Associates LLC now owns 45,999 shares of the chip maker’s stock valued at $1,635,000 after acquiring an additional 1,600 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in shares of Intel by 7.0% during the third quarter. Traynor Capital Management Inc. now owns 9,939 shares of the chip maker’s stock worth $353,000 after purchasing an additional 648 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Intel by 8.5% during the third quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock worth $1,072,000 after purchasing an additional 2,369 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in shares of Intel by 85.8% during the third quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock worth $148,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Intel by 70.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,648 shares of the chip maker’s stock worth $414,000 after purchasing an additional 4,800 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Friday, February 23rd. Morgan Stanley boosted their price target on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Finally, Raymond James cut their price target on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $42.38.

Intel Stock Performance

INTC stock traded down $0.13 on Tuesday, reaching $34.28. The company’s stock had a trading volume of 46,719,967 shares, compared to its average volume of 46,893,191. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company has a market capitalization of $144.94 billion, a P/E ratio of 87.90, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The firm has a fifty day moving average of $41.48 and a two-hundred day moving average of $42.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, analysts predict that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Corporate 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.