XTX Topco Ltd Increases Position in Intel Co. (NASDAQ:INTC)

XTX Topco Ltd boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 173.6% during the second quarter, HoldingsChannel.com reports. The firm owned 17,959 shares of the chip maker’s stock after purchasing an additional 11,394 shares during the period. XTX Topco Ltd’s holdings in Intel were worth $556,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTC. Price T Rowe Associates Inc. MD lifted its position in shares of Intel by 543.5% during the 4th 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 buying an additional 31,575,084 shares in the last quarter. Capital International Investors lifted its holdings in Intel by 16.0% during the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after purchasing an additional 15,475,631 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Intel by 60.5% in the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock valued at $1,071,308,000 after purchasing an additional 13,035,566 shares during the period. Davis Selected Advisers increased its stake in shares of Intel by 86.2% during the second quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock worth $391,533,000 after purchasing an additional 5,851,098 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Intel by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock worth $19,385,842,000 after purchasing an additional 4,678,169 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Intel Trading Up 3.3 %

NASDAQ INTC opened at $22.56 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The stock has a market capitalization of $96.04 billion, a P/E ratio of 23.50 and a beta of 1.03. The firm’s 50-day moving average is $23.43 and its two-hundred day moving average is $30.64. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The business’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.22%. Intel’s dividend payout ratio is presently 52.08%.

Analyst Ratings Changes

Several equities research analysts have commented on INTC shares. Mizuho lowered Intel from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $22.00 in a research note on Thursday, August 8th. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Monday. Northland Securities decreased their price objective on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Wedbush lowered their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $32.04.

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.