The Vanguard Group, Inc. recently announced the acquisition of new stake in Intel Corp. (NASDAQ:INTC). The institutional investor has increased its shareholding in the Technology company by 0.57% to 363.84 million shares with purchase of 2.08 million shares. This fresh investment now brings its stake to 8.63% valued currently at $18.28 billion. In addition, BlackRock Fund Advisors raised its holdings by 5441.0 to 214.78 million shares. And Capital Research & Management Co has lifted its position by 33.84% or 24.35 million shares – to 96.3 million shares.
Currently, there are 4.23B common shares owned by the public and among those 4.21B shares have been available to trade.
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Insiders at the company have transacted a total of 136 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 79 of these insider trades were purchases, accounting for 664,256 shares. Insider sales of the common stock occurred on 57 occasions, with total insider shares sold totaling 225,834 shares.
The top 3 mutual fund holders in Intel Corp. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Invesco QQQ Trust. Vanguard Total Stock Market ETF owns 132.35 million shares of the company’s stock, all valued at over $6.65 billion. The company bought an additional 1.07 million shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund bought 0.87 million shares to see its total holdings expand to 102.95 million shares valued at over $5.17 billion and representing 2.44% of the shares outstanding. Invesco QQQ Trust sold -0.2 million shares to bring its total holdings to over 77.53 million shares at a value of $3.9 billion. Invesco QQQ Trust now owns shares totaling to 1.84% of the shares outstanding.
However, the script later moved the day high at 45.40, down -11.91%. The company’s stock has a 5-day price change of -9.35% and 32.96% over the past three months. INTC shares are trading -13.13% year to date (YTD), with the 12-month market performance up to 46.97% higher. It has a 12-month low price of $24.73 and touched a high of $51.28 over the same period. INTC has an average intraday trading volume of 41.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.30%, -4.45%, and 18.82% respectively.
Institutional ownership of Intel Corp. (NASDAQ: INTC) shares accounts for 63.87% of the company’s 4.23B shares outstanding. Mutual fund holders own 40.00%, while other institutional holders and individual stakeholders account for 5.23% and 24.43% respectively.
It has a market capitalization of $184.03B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 113.14, while the earnings-per-share (ttm) stands at $0.39. The company has a PEG of 10.65 and a Quick Ratio of 1.15 with the debt-to-equity ratio at 0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.44% over the week and 2.85% over the month.
Analysts forecast that Intel Corp. (INTC) will achieve an EPS of $0.3 for the current quarter, $0.38 for the next quarter and $2.4 for 2025. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.58. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to increase by 34.41%, and 59.15% over the next financial year. EPS should grow at an annualized rate of 10.62% over the next five years, compared to -38.29% over the past 5-year period.
Looking at the support for the INTC, a number of firms have released research notes about the stock. Wedbush stated their Neutral rating for the stock in a research note on January 26, 2024, with the firm’s price target at $45-$40.
