Mitsubishi UFJ Asset Management UK Ltd. Invests $938,000 in Intel Co. (NASDAQ:INTC)

Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 40,000 shares of the chip maker's stock, valued at approximately $938,000.

Other institutional investors have also recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new position in Intel during the second quarter worth $25,000. Tributary Capital Management LLC bought a new position in Intel in the 1st quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in Intel in the second quarter worth $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the second quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Intel in the second quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTC. Argus lowered shares of Intel from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Morgan Stanley reduced their target price on shares of Intel from $36.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, August 2nd. Raymond James downgraded shares of Intel from an "outperform" rating to a "market perform" rating in a research note on Friday, August 2nd. New Street Research lowered shares of Intel from a "buy" rating to a "neutral" rating in a report on Friday, August 2nd. Finally, Truist Financial dropped their price objective on Intel from $33.00 to $25.00 and set a "hold" rating for the company in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $31.92.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was bought 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 directly owns 37,975 shares in the company, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.04% of the company's stock.

Intel Stock Up 1.5 %

Shares of NASDAQ INTC traded up $0.33 during mid-day trading on Friday, hitting $22.77. The company had a trading volume of 39,971,695 shares, compared to its average volume of 58,832,660. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a market capitalization of $96.93 billion, a PE ratio of 23.72 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 has a 50-day simple moving average of $21.40 and a two-hundred day simple moving average of $28.03.

Intel (NASDAQ:INTC - Get Free Report) 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). Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm 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 business earned ($0.05) EPS. The business's revenue was down .8% compared to the same quarter last year. On average, equities analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.20%. Intel's dividend payout ratio (DPR) is 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.