Duff & Phelps Investment Management Co. Has $2.35 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Duff & Phelps Investment Management Co. increased its position in Intel Co. (NASDAQ:INTC) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,794 shares of the chip maker’s stock after buying an additional 500 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Intel were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after buying an additional 4,226,790 shares during the period. Northern Trust Corp grew its position in shares of Intel by 3.7% in the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after buying an additional 1,626,127 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Intel by 18.6% during the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after acquiring an additional 6,064,950 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Intel by 13.4% in the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock worth $1,272,266,000 after acquiring an additional 4,222,381 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of Intel stock opened at $30.47 on Wednesday. The company has a market cap of $129.71 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 3.31 and a beta of 1.00. 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 Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The business has a 50 day moving average price of $40.35 and a 200-day moving average price of $42.23.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on INTC shares. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Barclays decreased their price target on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Mizuho dropped their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.75.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Company 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.