Achmea Investment Management B.V. Lowers Holdings in Intel Co. (INTC)

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%.

About Intel

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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