45,445 Shares in Intel Co. (NASDAQ:INTC) Bought by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Intel Co. (NASDAQ:INTC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,445 shares of the chip maker’s stock, valued at approximately $1,407,000.

A number of other large investors also recently bought and sold shares of INTC. America First Investment Advisors LLC acquired a new position in shares of Intel during the second quarter worth about $25,000. Burkett Financial Services LLC acquired a new position in Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC purchased a new position in shares of Intel during the 1st quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $27,000. Finally, Spartan Fund Management Inc. purchased a new stake in shares of Intel in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on INTC shares. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, August 2nd. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Mizuho lowered shares of Intel from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $22.00 in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $38.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.04.

Intel Trading Up 3.3 %

Shares of INTC opened at $22.56 on Tuesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The stock has a fifty day moving average of $23.43 and a two-hundred day moving average of $30.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company has a market capitalization of $96.04 billion, a PE ratio of 23.50 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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 business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

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

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.