Capital International Sarl Buys 14,110 Shares of Intel Co. (NASDAQ:INTC)

Capital International Sarl lifted its stake in Intel Co. (NASDAQ:INTC) by 43.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,649 shares of the chip maker’s stock after acquiring an additional 14,110 shares during the period. Capital International Sarl’s holdings in Intel were worth $2,060,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Capital International Inc. CA grew its stake in Intel by 45.4% during the 1st quarter. Capital International Inc. CA now owns 901,261 shares of the chip maker’s stock worth $39,809,000 after buying an additional 281,250 shares during the last quarter. Capital International Investors grew its stake in 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 buying an additional 15,475,631 shares during the last quarter. Capital Group Private Client Services Inc. grew its stake in Intel by 2.4% during the 1st quarter. Capital Group Private Client Services Inc. now owns 462,839 shares of the chip maker’s stock worth $20,444,000 after buying an additional 10,890 shares during the last quarter. Stamos Capital Partners L.P. purchased a new position in Intel during the 1st quarter worth $995,000. Finally, Rodgers Brothers Inc. grew its stake in Intel by 0.4% during the 1st quarter. Rodgers Brothers Inc. now owns 159,486 shares of the chip maker’s stock worth $7,045,000 after buying an additional 703 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts recently weighed in on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, April 26th. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Finally, Wells Fargo & Company dropped their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.25.

Intel Price Performance

Shares of Intel stock traded up $0.25 during mid-day trading on Friday, reaching $31.35. 38,317,616 shares of the stock traded hands, compared to its average volume of 47,967,676. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The business has a 50-day moving average of $31.63 and a 200 day moving average of $37.51. The stock has a market capitalization of $133.46 billion, a PE ratio of 32.66, a PEG ratio of 18.97 and a beta of 1.05. 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 (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The firm had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. On average, analysts predict that Intel Co. will post 0.07 EPS for the current year.

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.