Intel Co. (NASDAQ:INTC) Shares Purchased by First Hawaiian Bank

First Hawaiian Bank grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 44,830 shares of the chip maker’s stock after purchasing an additional 940 shares during the period. First Hawaiian Bank’s holdings in Intel were worth $1,388,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in INTC. Norges Bank acquired a new position in Intel in the fourth quarter worth approximately $2,424,202,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intel by 543.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after purchasing an additional 31,575,084 shares during the last quarter. Capital International Investors boosted its position in shares of Intel by 16.0% in the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. California Public Employees Retirement System increased its stake in Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after purchasing an additional 8,140,835 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Intel by 44.8% during the first quarter. Van ECK Associates Corp now owns 21,556,234 shares of the chip maker’s stock valued at $952,139,000 after buying an additional 6,673,086 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday. The Goldman Sachs Group reduced their price objective on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research note on Friday. Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday. TD Cowen dropped their price objective on shares of Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Truist Financial dropped their price target on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday. Five analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $32.92.

Intel Stock Performance

NASDAQ INTC traded down $0.16 during trading on Tuesday, hitting $19.95. The company’s stock had a trading volume of 77,413,716 shares, compared to its average volume of 50,845,500. Intel Co. has a 52 week low of $19.29 and a 52 week high of $51.28. The firm has a market cap of $84.93 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The firm has a 50 day moving average price of $31.14 and a 200 day moving average price of $36.52. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Equities research analysts forecast that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.51%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

About Intel

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.