Annex Advisory Services LLC Boosts Position in Intel Co. (NASDAQ:INTC)

Annex Advisory Services LLC boosted its position in shares of Intel Co. (NASDAQ:INTC) by 93.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,840 shares of the chip maker’s stock after purchasing an additional 5,726 shares during the quarter. Annex Advisory Services LLC’s holdings in Intel were worth $523,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INTC. Vanguard Group Inc. lifted its position in shares of Intel by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after acquiring an additional 4,678,169 shares in the last quarter. Capital International Investors lifted its position in shares of Intel by 0.3% in the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock valued at $4,855,099,000 after acquiring an additional 318,495 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of Intel by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after acquiring an additional 475,636 shares in the last quarter. Norges Bank purchased a new stake in shares of Intel in the fourth quarter valued at $2,424,202,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after acquiring an additional 31,575,084 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

INTC stock opened at $30.74 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The firm has a market cap of $130.86 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 14.57 and a beta of 1.06. The stock has a 50-day simple moving average of $31.34 and a 200-day simple moving average of $39.75.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, equities analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity at Intel

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

Wall Street Analyst Weigh In

INTC has been the subject of several analyst reports. Benchmark reiterated a “buy” rating and issued a $62.00 target price 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. Barclays dropped their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, April 26th. Finally, HSBC dropped their target price on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.58.

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.