Livforsakringsbolaget Skandia Omsesidigt Holds Position in Intel Corporation (INTC)
Livforsakringsbolaget Skandia Omsesidigt held its stake in Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 349,070 shares of the chip maker’s stock at the end of the second quarter. Intel Corporation comprises approximately 1.1% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 13th largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Intel Corporation were worth $11,778,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Sigma Planning Corp raised its holdings in shares of Intel Corporation by 0.5% during the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after acquiring an additional 335 shares in the last quarter. Pillar Pacific Capital Management LLC raised its holdings in shares of Intel Corporation by 0.4% during the first quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock valued at $8,503,000 after acquiring an additional 930 shares in the last quarter. GFS Advisors LLC raised its holdings in shares of Intel Corporation by 9.2% during the first quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock valued at $4,114,000 after acquiring an additional 9,635 shares in the last quarter. Princeton Alpha Management LP bought a new position in shares of Intel Corporation during the first quarter valued at approximately $384,000. Finally, Stockman Wealth Management Inc. raised its holdings in shares of Intel Corporation by 2.3% during the first quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock valued at $4,621,000 after acquiring an additional 2,903 shares in the last quarter. Institutional investors own 67.09% of the company’s stock.
INTC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, September 6th. ValuEngine cut Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research note on Thursday, August 24th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Finally, BidaskClub raised Intel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.60.
In related news, EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total value of $73,486.92. Following the completion of the transaction, the executive vice president now directly owns 108,471 shares in the company, valued at $3,761,774.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders sold 91,921 shares of company stock valued at $3,130,162 over the last quarter. 0.08% of the stock is currently owned by company insiders.
Shares of Intel Corporation (INTC) traded up 1.43% during midday trading on Friday, hitting $37.00. The company had a trading volume of 33,596,072 shares. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The company has a market capitalization of $173.86 billion, a PE ratio of 14.12 and a beta of 1.02. The company has a 50-day moving average of $35.64 and a 200-day moving average of $35.52.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share. Analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.95%. Intel Corporation’s payout ratio is 41.76%.
About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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