Achmea Investment Management B.V. lowered its position in Intel Co. (NASDAQ:INTC – Get Rating) by 0.1% during the 1st quarter, HoldingsChannel reports. The firm owned 336,921 shares of the chip maker’s stock after selling 414 shares during the period. Achmea Investment Management B.V.’s holdings in Intel were worth $16,698,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Clark Capital Management Group Inc. increased its holdings in shares of Intel by 2.4% in the first quarter. Clark Capital Management Group Inc. now owns 469,645 shares of the chip maker’s stock worth $23,276,000 after purchasing an additional 10,983 shares during the period. PFS Investments Inc. increased its holdings in shares of Intel by 1,301.0% in the first quarter. PFS Investments Inc. now owns 76,759 shares of the chip maker’s stock worth $3,804,000 after purchasing an additional 71,280 shares during the period. Williams Jones Wealth Management LLC. increased its holdings in shares of Intel by 9.1% in the first quarter. Williams Jones Wealth Management LLC. now owns 40,269 shares of the chip maker’s stock worth $1,996,000 after purchasing an additional 3,369 shares during the period. Crawford Investment Counsel Inc. increased its holdings in shares of Intel by 1.3% in the first quarter. Crawford Investment Counsel Inc. now owns 25,536 shares of the chip maker’s stock worth $1,266,000 after purchasing an additional 317 shares during the period. Finally, Centaurus Financial Inc. increased its holdings in shares of Intel by 2.2% in the first quarter. Centaurus Financial Inc. now owns 25,725 shares of the chip maker’s stock worth $1,275,000 after purchasing an additional 547 shares during the period. Institutional investors own 61.52% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on INTC shares. Citigroup cut their target price on shares of Intel from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, June 6th. StockNews.com lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Northland Securities cut their target price on shares of Intel from $62.00 to $55.00 in a research report on Friday, July 29th. DZ Bank lowered shares of Intel from a “hold” rating to a “sell” rating and set a $30.00 target price for the company. in a research report on Tuesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Intel from $38.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $42.96.
Intel Price Performance
Intel (NASDAQ:INTC – Get Rating) last announced its earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.41). Intel had a return on equity of 16.65% and a net margin of 26.03%. The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $17.93 billion. During the same period in the prior year, the company posted $1.28 EPS. The firm’s revenue was down 17.3% on a year-over-year basis. On average, sell-side analysts forecast that Intel Co. will post 2.27 EPS for the current year.
Intel Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Friday, August 5th. Intel’s payout ratio is 31.26%.
Insider Buying and Selling
In other news, CEO Patrick P. Gelsinger acquired 14,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was bought at an average cost of $33.86 per share, for a total transaction of $501,128.00. Following the acquisition, the chief executive officer now directly owns 77,216 shares in the company, valued at $2,614,533.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.02% of the stock is currently owned by company insiders.
Intel Company Profile
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.
- Get a free copy of the StockNews.com research report on Intel (INTC)
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