Mediolanum International Funds Ltd Has $1.05 Million Stock Position in Intel Co. (NASDAQ:INTC)

Mediolanum International Funds Ltd lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 56.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,806 shares of the chip maker’s stock after selling 57,141 shares during the period. Mediolanum International Funds Ltd’s holdings in Intel were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. William B. Walkup & Associates Inc. bought a new stake in shares of Intel during the second quarter worth about $2,178,000. Fortis Group Advisors LLC increased its position in shares of Intel by 1,052.9% during the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after acquiring an additional 157,991 shares in the last quarter. Private Advisory Group LLC bought a new stake in shares of Intel during the third quarter worth about $8,045,000. Sanibel Captiva Trust Company Inc. increased its position in shares of Intel by 21.1% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock worth $6,559,000 after acquiring an additional 48,765 shares in the last quarter. Finally, Brookstone Capital Management increased its position in shares of Intel by 18.9% during the third quarter. Brookstone Capital Management now owns 52,075 shares of the chip maker’s stock worth $1,222,000 after acquiring an additional 8,282 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Morgan Stanley reduced their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Cantor Fitzgerald reduced their price objective on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wedbush reduced their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Six equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.80.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the 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 directly owns 37,975 shares of the company’s stock, valued at $765,576. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $22.68 on Monday. The stock has a market capitalization of $96.98 billion, a P/E ratio of 98.61 and a beta of 1.03. 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 firm’s 50 day moving average is $21.62 and its 200 day moving average is $27.38. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) earnings per share. 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 announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is presently 217.40%.

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.