Sienna Gestion Has $8.23 Million Stake in Intel Co. (NASDAQ:INTC)

Sienna Gestion boosted its position in Intel Co. (NASDAQ:INTC) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,757 shares of the chip maker’s stock after purchasing an additional 5,598 shares during the period. Sienna Gestion’s holdings in Intel were worth $8,227,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of INTC. Orion Portfolio Solutions LLC raised its holdings in Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after buying an additional 2,915 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares during the period. Trexquant Investment LP lifted its holdings in shares of Intel by 69.0% during the fourth quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock worth $3,574,000 after purchasing an additional 29,040 shares during the period. NBC Securities Inc. grew its stake in shares of Intel by 2.6% in the first quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock worth $736,000 after purchasing an additional 418 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Intel in the fourth quarter valued at $501,000. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Intel Stock Performance

INTC opened at $20.77 on Thursday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The company has a market cap of $88.42 billion, a price-to-earnings ratio of 21.64 and a beta of 1.03. The company’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $31.22. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

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

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors 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 annualized dividend and a dividend yield of 2.41%. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Argus downgraded Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley cut their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. UBS Group decreased their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Cantor Fitzgerald dropped their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.