Transatlantique Private Wealth LLC Has $413,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Transatlantique Private Wealth LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,422 shares of the chip maker’s stock after selling 3,151 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Intel were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of INTC. Vanguard Group Inc. grew its stake in Intel by 0.9% during the first quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after buying an additional 3,310,528 shares in the last quarter. Capital International Investors lifted its holdings in shares of Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after acquiring an additional 15,475,631 shares during the period. Primecap Management Co. CA boosted its position in shares of Intel by 2.2% during the 2nd quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock worth $2,410,166,000 after acquiring an additional 1,697,550 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Intel by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock valued at $1,759,811,000 after acquiring an additional 2,457,243 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Intel by 7.3% during the fourth quarter. Wellington Management Group LLP now owns 37,080,015 shares of the chip maker’s stock valued at $1,863,271,000 after purchasing an additional 2,515,978 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

INTC has been the topic of several research analyst reports. Benchmark lowered Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Wedbush reduced their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Truist Financial dropped their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group decreased their target price on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $32.04.

Intel Stock Up 3.3 %

Shares of NASDAQ INTC opened at $21.84 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The firm has a market cap of $92.97 billion, a PE ratio of 22.75 and a beta of 1.03. The company’s fifty day simple moving average is $23.67 and its 200 day simple moving average is $30.98.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period last year, the company earned ($0.05) EPS. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

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.