Intel Corp. (INTC) Stake Lowered by Swedbank
Swedbank decreased its position in Intel Corp. (NASDAQ:INTC) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,838,484 shares of the chip maker’s stock after selling 77,837 shares during the period. Swedbank’s holdings in Intel Corp. were worth $60,302,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in INTC. Carnick & Kubik LLC acquired a new position in Intel Corp. during the first quarter worth approximately $100,000. Parasol Investment Management LLC increased its position in Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock worth $131,000 after buying an additional 1,020 shares in the last quarter. American National Bank increased its position in Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock worth $146,000 after buying an additional 2,265 shares in the last quarter. D. Scott Neal Inc. increased its position in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares in the last quarter. Finally, CapWealth Advisors LLC increased its position in Intel Corp. by 43.9% in the first quarter. CapWealth Advisors LLC now owns 5,493 shares of the chip maker’s stock worth $178,000 after buying an additional 1,676 shares in the last quarter. 64.77% of the stock is owned by institutional investors and hedge funds.
Intel Corp. (NASDAQ:INTC) traded up 0.08% on Friday, hitting $38.10. The company had a trading volume of 16,942,539 shares. Intel Corp. has a one year low of $27.68 and a one year high of $38.31. The stock’s 50-day moving average price is $36.55 and its 200 day moving average price is $33.47. The company has a market capitalization of $180.25 billion, a P/E ratio of 18.48 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts expect that Intel Corp. will post $2.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
INTC has been the subject of a number of research reports. Zacks Investment Research raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Monday, September 26th. Vetr downgraded shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 price target for the company. in a report on Monday, August 29th. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a report on Sunday, September 4th. BlueFin Research reissued a “buy” rating on shares of Intel Corp. in a report on Monday, October 3rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $31.00 price target on shares of Intel Corp. in a report on Wednesday, September 14th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corp. currently has an average rating of “Buy” and a consensus target price of $39.59.
In other news, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the transaction, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $34.71, for a total value of $485,835.87. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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