Swiss National Bank Acquires 483,200 Shares of Intel Corporation (INTC)
Swiss National Bank raised its holdings in Intel Corporation (NASDAQ:INTC) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,274,702 shares of the chip maker’s stock after purchasing an additional 483,200 shares during the quarter. Intel comprises approximately 0.7% of Swiss National Bank’s portfolio, making the stock its 25th largest holding. Swiss National Bank owned about 0.37% of Intel worth $582,848,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Watermark Asset Management Inc. acquired a new position in Intel in the first quarter valued at $113,000. Vigilant Capital Management LLC increased its stake in shares of Intel by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares during the period. Winfield Associates Inc. increased its stake in shares of Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares during the period. Farmers National Bank increased its stake in shares of Intel by 5.1% during the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after acquiring an additional 234 shares during the period. Finally, Burt Wealth Advisors increased its stake in shares of Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after acquiring an additional 3,471 shares during the period. Institutional investors own 67.69% of the company’s stock.
In related news, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. Insiders have sold 1,548,914 shares of company stock valued at $68,196,589 in the last ninety days. 0.08% of the stock is currently owned by company insiders.
Intel Corporation (NASDAQ INTC) opened at $43.44 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market cap of $208,213.20, a P/E ratio of 13.99, a PEG ratio of 1.63 and a beta of 1.06. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. analysts forecast that Intel Corporation will post 3.25 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.51%. The ex-dividend date was Monday, November 6th. Intel’s dividend payout ratio (DPR) is 38.11%.
INTC has been the topic of a number of recent analyst reports. Argus reiterated a “buy” rating and set a $45.00 price target on shares of Intel in a research note on Wednesday, August 23rd. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $40.26 price target on the stock. in a research note on Tuesday, August 8th. Loop Capital reiterated a “buy” rating and set a $45.00 price target on shares of Intel in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, August 17th. Finally, BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $43.68.
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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