Metis Global Partners LLC Purchases 33,681 Shares of Intel Co. (NASDAQ:INTC)

Metis Global Partners LLC boosted its position in Intel Co. (NASDAQ:INTC) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,596 shares of the chip maker’s stock after purchasing an additional 33,681 shares during the quarter. Metis Global Partners LLC’s holdings in Intel were worth $12,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its position in shares of Intel by 1.6% during the 3rd quarter. Brown Advisory Inc. now owns 518,272 shares of the chip maker’s stock valued at $18,425,000 after acquiring an additional 8,108 shares during the period. Signet Financial Management LLC bought a new stake in Intel during the third quarter worth about $206,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Intel by 29.0% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 4,382 shares of the chip maker’s stock worth $156,000 after buying an additional 984 shares in the last quarter. Concord Wealth Partners increased its holdings in Intel by 146.2% in the 3rd quarter. Concord Wealth Partners now owns 19,049 shares of the chip maker’s stock valued at $677,000 after buying an additional 11,313 shares during the period. Finally, Everhart Financial Group Inc. raised its position in shares of Intel by 10.2% in the 3rd quarter. Everhart Financial Group Inc. now owns 17,802 shares of the chip maker’s stock valued at $633,000 after buying an additional 1,643 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Intel Trading Up 1.3 %

Intel stock traded up $0.39 during mid-day trading on Friday, hitting $30.90. 36,794,828 shares of the stock were exchanged, compared to its average volume of 58,447,700. The firm’s fifty day simple moving average is $39.60 and its two-hundred day simple moving average is $42.11. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market capitalization of $131.54 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 10.05 and a beta of 1.09.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.62%. Intel’s payout ratio is 52.08%.

Analyst Ratings Changes

Several research firms recently issued reports on INTC. UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. The Goldman Sachs Group reduced their target price on Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Friday, April 26th. Evercore ISI lowered their price target on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a report on Friday, April 26th. Susquehanna reduced their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Finally, Mizuho lowered their target price on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.75.

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.