Swedbank trimmed its holdings in Intel Co. (NASDAQ:INTC) by 0.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,784,982 shares of the chip maker’s stock after selling 5,289 shares during the quarter. Swedbank’s holdings in Intel were worth $188,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Virtue Capital Management LLC purchased a new position in shares of Intel during the 4th quarter valued at $109,000. Elmwood Wealth Management Inc. purchased a new position in shares of Intel during the 1st quarter valued at $110,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intel during the 1st quarter valued at $120,000. Well Done LLC purchased a new position in shares of Intel during the 1st quarter valued at $156,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Intel during the 4th quarter valued at $157,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Intel stock opened at $47.26 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $223.25 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97. Intel Co. has a twelve month low of $35.08 and a twelve month high of $57.60.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. The business had revenue of $16.96 billion during the quarter, compared to the consensus estimate of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. equities analysts anticipate that Intel Co. will post 4.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Tuesday, August 7th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, August 6th. Intel’s dividend payout ratio is presently 34.68%.

A number of research analysts have recently commented on INTC shares. Wells Fargo & Co restated a “buy” rating and set a $65.00 price target on shares of Intel in a research report on Thursday, June 21st. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 12th. Macquarie restated a “buy” rating and set a $64.00 price target on shares of Intel in a research report on Friday, May 18th. Needham & Company LLC reduced their price target on shares of Intel from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 22nd. Finally, Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Wednesday, June 27th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.63.

In other Intel news, CEO Robert Holmes Swan purchased 5,243 shares of the stock in a transaction on Monday, July 30th. The stock was acquired at an average cost of $47.69 per share, with a total value of $250,038.67. Following the completion of the purchase, the chief executive officer now directly owns 71,672 shares of the company’s stock, valued at approximately $3,418,037.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the sale, the executive vice president now directly owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The disclosure for this sale can be found here. Insiders sold 4,077 shares of company stock valued at $205,757 over the last three months. 0.03% of the stock is currently owned by insiders.

Intel Profile

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.

Recommended Story: Diversification in Investing

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.