Itau Unibanco Holding S.A. Purchases Shares of 144,882 Intel Co. (NASDAQ:INTC)

Itau Unibanco Holding S.A. acquired a new position in shares of Intel Co. (NASDAQ:INTC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 144,882 shares of the chip maker’s stock, valued at approximately $4,487,000.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Burkett Financial Services LLC bought a new stake in Intel in the 4th quarter valued at $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the first quarter valued at about $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Intel in the first quarter valued at about $36,000. America First Investment Advisors LLC bought a new position in Intel during the second quarter worth about $25,000. Finally, Richardson Financial Services Inc. acquired a new stake in Intel in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. Finally, Truist Financial dropped their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.04.

Intel Trading Up 3.3 %

Shares of INTC stock opened at $21.84 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The stock has a 50 day simple moving average of $23.67 and a two-hundred day simple moving average of $30.90. The company has a market cap of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. Research analysts forecast that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. Intel’s dividend payout ratio (DPR) 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.