Sei Investments Co. Has $57.54 Million Stake in Intel Co. (NASDAQ:INTC)

Sei Investments Co. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,857,975 shares of the chip maker’s stock after selling 7,889 shares during the quarter. Sei Investments Co.’s holdings in Intel were worth $57,541,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of INTC. Johnson Financial Group Inc. raised its position in Intel by 4.5% during the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock valued at $288,000 after buying an additional 247 shares during the period. Summit Financial Strategies Inc. lifted its position in shares of Intel by 3.7% in the fourth quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock worth $371,000 after purchasing an additional 265 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in shares of Intel by 5.5% in the fourth quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock worth $261,000 after purchasing an additional 270 shares in the last quarter. Copperwynd Financial LLC grew its position in Intel by 0.6% during the fourth quarter. Copperwynd Financial LLC now owns 45,432 shares of the chip maker’s stock valued at $2,283,000 after purchasing an additional 273 shares in the last quarter. Finally, Adirondack Trust Co. increased its stake in Intel by 0.5% in the 1st quarter. Adirondack Trust Co. now owns 51,783 shares of the chip maker’s stock valued at $2,287,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, with a total value 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 accessible through this link. 0.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. Mizuho lowered shares of Intel from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $22.00 in a research note on Thursday, August 8th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Friday, August 2nd. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Morgan Stanley reduced their price target on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial dropped their price objective on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Stock Performance

Shares of NASDAQ INTC opened at $21.84 on Monday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a market cap of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03. The business’s 50 day moving average is $23.67 and its two-hundred day moving average is $30.80. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last announced its 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 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 firm posted ($0.05) EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, equities analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is presently 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.