Swedbank AB Raises Stake in Intel Co. (NASDAQ:INTC)

Swedbank AB lifted its position in shares of Intel Co. (NASDAQ:INTC) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,814,865 shares of the chip maker’s stock after buying an additional 147,976 shares during the period. Swedbank AB’s holdings in Intel were worth $36,388,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC boosted its holdings in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares during the last quarter. MKT Advisors LLC boosted its stake in Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after buying an additional 490 shares during the last quarter. Beaton Management Co. Inc. grew its holdings in Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares during the period. Everpar Advisors LLC increased its stake in shares of Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock valued at $242,000 after acquiring an additional 504 shares during the last quarter. Finally, Missouri Trust & Investment Co lifted its holdings in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 1.3 %

NASDAQ INTC opened at $20.01 on Friday. The company’s fifty day moving average price is $20.97 and its two-hundred day moving average price is $22.63. The company has a market capitalization of $86.30 billion, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. As a group, research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group reduced their price objective on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.00.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.