Achmea Investment Management B.V. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 890,342 shares of the chip maker’s stock after selling 48,151 shares during the period. Intel accounts for approximately 1.5% of Achmea Investment Management B.V.’s portfolio, making the stock its 7th biggest holding. Achmea Investment Management B.V.’s holdings in Intel were worth $44,255,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Virtue Capital Management LLC bought a new stake in shares of Intel in the 4th quarter valued at approximately $109,000. Elmwood Wealth Management Inc. acquired a new stake in Intel in the 1st quarter worth approximately $110,000. Financial Gravity Wealth Inc. acquired a new stake in Intel in the 1st quarter worth approximately $120,000. Well Done LLC acquired a new stake in Intel in the 1st quarter worth approximately $156,000. Finally, PDS Planning Inc acquired a new stake in Intel in the 1st quarter worth approximately $159,000. 65.37% of the stock is currently owned by institutional investors.
In other Intel news, EVP Steven Ralph Rodgers sold 1,251 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $48.37, for a total value of $60,510.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert Holmes Swan purchased 5,243 shares of the stock in a transaction on Monday, July 30th. The stock was bought at an average price of $47.69 per share, for a total transaction of $250,038.67. Following the completion of the transaction, the chief executive officer now directly owns 71,672 shares of the company’s stock, valued at $3,418,037.68. The disclosure for this purchase can be found here. Insiders sold 4,077 shares of company stock valued at $205,757 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on INTC. Northland Securities lowered Intel from a “market perform” rating to an “underperform” rating in a report on Monday, June 18th. BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. Morgan Stanley boosted their target price on Intel from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, June 22nd. Nomura set a $55.00 target price on Intel and gave the stock a “neutral” rating in a report on Monday, June 25th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $65.00 target price on shares of Intel in a report on Thursday, June 21st. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have issued a buy rating to the company. Intel currently has an average rating of “Hold” and an average target price of $54.84.
Shares of NASDAQ INTC opened at $47.03 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. The firm has a market capitalization of $221.24 billion, a P/E ratio of 13.59, a PEG ratio of 1.35 and a beta of 0.97. Intel Co. has a one year low of $38.98 and a one year high of $57.60.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. The business had revenue of $16.96 billion during the quarter, compared to analyst estimates of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. Intel’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Equities analysts anticipate that Intel Co. will post 4.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.55%. Intel’s payout ratio is 34.68%.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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