K.J. Harrison & Partners Inc Has $3.49 Million Position in Intel Co. (NASDAQ:INTC)

K.J. Harrison & Partners Inc lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 6.7% in the fourth quarter, Holdings Channel reports. The firm owned 69,520 shares of the chip maker’s stock after selling 5,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Intel were worth $3,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Intel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares during the period. Primecap Management Co. CA increased its holdings in shares of Intel by 6.0% during the third 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 in the last quarter. Northern Trust Corp raised its stake in shares of 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 boosted its holdings in shares of Intel by 18.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after acquiring an additional 6,064,950 shares in the last quarter. Finally, Invesco Ltd. grew its position in Intel by 13.4% during the 3rd 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. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INTC shares. Mizuho lowered their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday. The Goldman Sachs Group lowered their price target on Intel from $39.00 to $34.00 and set a “sell” rating for the company in a report on Friday. Sanford C. Bernstein reduced their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday. Finally, Bank of America cut their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.75.

Intel Stock Down 9.2 %

INTC traded down $3.23 during trading on Friday, hitting $31.88. 119,590,954 shares of the company’s stock were exchanged, compared to its average volume of 48,144,715. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $40.88 and its two-hundred day moving average is $42.23. The stock has a market cap of $134.79 billion, a P/E ratio of 81.75, a PEG ratio of 3.13 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating 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 company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities analysts expect that Intel Co. will post 0.6 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. Intel’s dividend payout ratio is currently 128.21%.

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.