AMF Tjanstepension AB Cuts Stock Position in Intel Co. (NASDAQ:INTC)

AMF Tjanstepension AB lessened its holdings in Intel Co. (NASDAQ:INTC) by 47.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,276 shares of the chip maker’s stock after selling 355,467 shares during the period. AMF Tjanstepension AB’s holdings in Intel were worth $17,341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. increased its stake in Intel by 32.8% in the third quarter. Mather Group LLC. now owns 32,917 shares of the chip maker’s stock valued at $1,170,000 after purchasing an additional 8,126 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Intel in the 3rd quarter valued at about $1,496,000. Morningstar Investment Services LLC purchased a new position in Intel during the 3rd quarter worth approximately $340,000. Cape Cod Five Cents Savings Bank increased its position in Intel by 98.1% during the third quarter. Cape Cod Five Cents Savings Bank now owns 37,666 shares of the chip maker’s stock worth $1,339,000 after buying an additional 18,657 shares during the period. Finally, CWA Asset Management Group LLC lifted its stake in Intel by 15.7% in the third quarter. CWA Asset Management Group LLC now owns 18,058 shares of the chip maker’s stock valued at $642,000 after buying an additional 2,448 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on INTC. Wedbush cut their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday, April 26th. JPMorgan Chase & Co. reduced their target price on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, April 26th. Bank of America dropped their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Finally, StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Up 1.2 %

Intel stock opened at $30.97 on Friday. The company has a market capitalization of $131.84 billion, a PE ratio of 32.26, a PEG ratio of 14.58 and a beta of 1.06. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The firm’s fifty day moving average is $31.08 and its 200 day moving average is $39.53. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, sell-side analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is currently 52.08%.

Intel Company 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.