Livforsakringsbolaget Skandia Omsesidigt Grows Stock Position in Intel Co. (NASDAQ:INTC)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Intel Co. (NASDAQ:INTC) by 85.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,411 shares of the chip maker’s stock after acquiring an additional 4,341 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Intel were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. New Millennium Group LLC raised its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in Intel in the second quarter valued at about $25,000. Legacy Financial Group LLC purchased a new stake in Intel in the third quarter valued at about $30,000. Milestone Investment Advisors LLC purchased a new stake in Intel in the first quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. raised its stake in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTC. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. The Goldman Sachs Group raised their price objective on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Finally, Wedbush restated a “neutral” rating and issued a $40.00 price objective on shares of Intel in a research note on Wednesday. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.62.

Intel Stock Down 1.0 %

Shares of INTC opened at $35.34 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $42.18 and its two-hundred day moving average is $42.35. The firm has a market cap of $149.42 billion, a P/E ratio of 91.49, a PEG ratio of 3.21 and a beta of 1.00. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. Analysts predict that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

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.