APG Asset Management N.V. Grows Position in Intel Co. (NASDAQ:INTC)

APG Asset Management N.V. raised its stake in shares of Intel Co. (NASDAQ:INTC) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,774,904 shares of the chip maker’s stock after purchasing an additional 32,319 shares during the period. APG Asset Management N.V. owned 0.07% of Intel worth $80,185,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of INTC. Burkett Financial Services LLC acquired a new stake in Intel during the fourth quarter worth about $27,000. Tributary Capital Management LLC acquired a new stake in Intel during the 1st quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Intel in the first quarter valued at approximately $36,000. America First Investment Advisors LLC acquired a new position in Intel during the second quarter valued at approximately $25,000. Finally, Cyrus J. Lawrence LLC purchased a new stake in Intel during the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Wedbush lowered their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Argus lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Truist Financial reduced their target price on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. Six 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’s stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $32.04.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Stock Up 1.6 %

NASDAQ:INTC opened at $23.92 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $22.98 and a 200-day moving average of $30.44. The firm has a market capitalization of $101.83 billion, a PE ratio of 24.92 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

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

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.09%. Intel’s payout ratio is currently 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.