Handelsbanken Fonder AB Buys 141,776 Shares of Intel Co. (NASDAQ:INTC)

Handelsbanken Fonder AB grew its position in Intel Co. (NASDAQ:INTC - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,436,298 shares of the chip maker's stock after purchasing an additional 141,776 shares during the quarter. Handelsbanken Fonder AB's holdings in Intel were worth $72,174,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. New Millennium Group LLC boosted its stake in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of Intel during the 2nd quarter valued at $25,000. Legacy Financial Group LLC acquired a new position in shares of Intel during the 3rd quarter valued at $30,000. Milestone Investment Advisors LLC acquired a new position in shares of Intel during the 1st quarter valued at $32,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker's stock valued at $33,000 after acquiring an additional 362 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 2.4 %

Intel stock traded down $0.84 during mid-day trading on Friday, reaching $34.20. 59,070,310 shares of the company traded hands, compared to its average volume of 48,337,516. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The firm's 50 day moving average price is $41.85 and its 200 day moving average price is $42.38. The firm has a market capitalization of $144.60 billion, a price-to-earnings ratio of 87.69, a P/E/G ratio of 3.07 and a beta of 1.00. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. On average, analysts anticipate that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel's dividend payout ratio is presently 128.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on INTC shares. Susquehanna dropped their target price on shares of Intel from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday. Mizuho dropped their target price on shares of Intel from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 26th. HSBC dropped their target price on shares of Intel from $46.00 to $44.00 and set a "hold" rating on the stock in a research report on Friday, January 26th. Benchmark restated a "buy" rating and set a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $42.62.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company's stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business's stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares of the company's stock, valued at approximately $1,234,676. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company's stock.

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.