Joseph Group Capital Management Makes New Investment in Intel Co. (NASDAQ:INTC)

Joseph Group Capital Management bought a new position in shares of Intel Co. (NASDAQ:INTCGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 399 shares of the chip maker’s stock, valued at approximately $887,000.

A number of other large investors have also recently added to or reduced their stakes in INTC. Generation Investment Management LLP raised its position in shares of Intel by 75.1% during the 3rd quarter. Generation Investment Management LLP now owns 12,392,297 shares of the chip maker’s stock worth $660,262,000 after purchasing an additional 5,313,431 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Intel by 112.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,616,258 shares of the chip maker’s stock worth $340,737,000 after purchasing an additional 3,500,399 shares during the period. ProShare Advisors LLC raised its position in shares of Intel by 54.2% during the 4th quarter. ProShare Advisors LLC now owns 8,776,270 shares of the chip maker’s stock worth $451,977,000 after purchasing an additional 3,086,571 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Intel by 33.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,507,459 shares of the chip maker’s stock worth $613,117,000 after purchasing an additional 2,878,887 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Intel during the 3rd quarter worth approximately $120,844,000. 62.74% of the stock is currently owned by institutional investors.

Shares of Intel stock traded up $0.76 during midday trading on Friday, hitting $43.60. The company’s stock had a trading volume of 32,022,162 shares, compared to its average volume of 36,765,636. The firm has a market capitalization of $178.28 billion, a P/E ratio of 7.24, a PEG ratio of 1.62 and a beta of 0.61. The stock has a 50-day simple moving average of $46.87 and a 200-day simple moving average of $49.04. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. Intel Co. has a 1-year low of $42.01 and a 1-year high of $58.42.

Intel (NASDAQ:INTCGet Rating) last issued its earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $18.40 billion during the quarter, compared to analysts’ expectations of $18.32 billion. Intel had a return on equity of 21.67% and a net margin of 31.68%. Intel’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. As a group, sell-side analysts predict that Intel Co. will post 3.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Saturday, May 7th will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a yield of 3.35%. Intel’s payout ratio is 24.25%.

A number of brokerages have recently weighed in on INTC. Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $55.00 to $47.00 in a research report on Thursday, March 3rd. Truist Financial dropped their price target on Intel from $53.00 to $49.00 in a research report on Friday, April 8th. Raymond James upgraded Intel from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 23rd. Wedbush restated an “underperform” rating and issued a $45.00 target price on shares of Intel in a research report on Thursday, April 21st. Finally, Mizuho lowered their target price on Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $53.82.

In other news, CFO David Zinsner purchased 5,500 shares of the business’s stock in a transaction on Tuesday, May 3rd. The stock was purchased at an average price of $44.73 per share, with a total value of $246,015.00. Following the acquisition, the chief financial officer now directly owns 8,803 shares in the company, valued at approximately $393,758.19. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Omar Ishrak purchased 11,025 shares of the business’s stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average cost of $45.11 per share, with a total value of $497,337.75. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 22,125 shares of company stock valued at $991,265. Insiders own 0.02% of the company’s stock.

Intel Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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