IFM Investors Pty Ltd boosted its position in shares of Intel Co. (NASDAQ:INTC) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,622 shares of the chip maker’s stock after acquiring an additional 35,603 shares during the period. Intel accounts for 0.8% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 23rd biggest holding. IFM Investors Pty Ltd’s holdings in Intel were worth $18,207,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in Intel during the 2nd quarter worth $25,000. Price Wealth LLC lifted its position in Intel by 119.5% during the 2nd quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock worth $28,000 after acquiring an additional 251 shares during the last quarter. FAI Wealth Management lifted its position in Intel by 390.4% during the 2nd quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock worth $30,000 after acquiring an additional 406 shares during the last quarter. Okabena Investment Services Inc. acquired a new position in shares of Intel during the second quarter valued at about $42,000. Finally, Demars Financial Group LLC acquired a new position in shares of Intel during the second quarter valued at about $43,000. 64.41% of the stock is owned by hedge funds and other institutional investors.

In other Intel news, CEO Robert Holmes Swan acquired 8,021 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were acquired at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 2,847 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the transaction, the executive vice president now owns 71,807 shares in the company, valued at $3,459,661.26. The disclosure for this sale can be found here. Insiders have sold 7,491 shares of company stock worth $365,878 over the last quarter. 0.04% of the stock is owned by company insiders.

A number of research analysts have recently commented on INTC shares. Goldman Sachs Group reaffirmed a “sell” rating and set a $46.00 price objective on shares of Intel in a research report on Monday, July 27th. Wells Fargo & Company cut their price objective on shares of Intel from $60.00 to $55.00 in a research report on Friday, July 24th. Exane BNP Paribas lowered shares of Intel from an “outperform” rating to an “underperform” rating and set a $47.00 price objective for the company. in a research report on Friday, July 24th. Citigroup reaffirmed a “hold” rating and set a $58.00 price objective on shares of Intel in a research report on Tuesday, June 23rd. Finally, BNP Paribas lowered shares of Intel from an “outperform” rating to an “underperform” rating in a research report on Friday, July 24th. Twelve analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and a consensus target price of $61.24.

Shares of INTC stock traded up $0.31 during trading hours on Friday, reaching $54.16. 23,421,388 shares of the company were exchanged, compared to its average volume of 29,674,551. Intel Co. has a fifty-two week low of $43.63 and a fifty-two week high of $69.29. The stock’s fifty day moving average is $50.81 and its two-hundred day moving average is $55.53. The company has a market cap of $230.34 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.12. Intel had a net margin of 29.97% and a return on equity of 31.55%. The company had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. During the same period in the prior year, the business earned $1.06 earnings per share. On average, research analysts anticipate that Intel Co. will post 4.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, November 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.44%. Intel’s payout ratio is 27.10%.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, 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 comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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