Forsta AP Fonden Purchases 41,900 Shares of Intel Co. (NASDAQ:INTC)

Forsta AP Fonden increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 949,146 shares of the chip maker’s stock after purchasing an additional 41,900 shares during the period. Forsta AP Fonden’s holdings in Intel were worth $22,267,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Guardian Capital Advisors LP increased its stake in Intel by 2.1% in the 1st quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after acquiring an additional 328 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Intel by 5.5% in the first quarter. Valley National Advisers Inc. now owns 6,304 shares of the chip maker’s stock worth $278,000 after purchasing an additional 330 shares during the last quarter. Richard C. Young & CO. LTD. raised its stake in Intel by 0.9% in the first quarter. Richard C. Young & CO. LTD. now owns 37,489 shares of the chip maker’s stock valued at $1,656,000 after purchasing an additional 338 shares in the last quarter. Key Financial Inc lifted its position in Intel by 4.1% during the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after purchasing an additional 340 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its stake in Intel by 5.0% in the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,151 shares of the chip maker’s stock worth $316,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Argus lowered Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Roth Mkm dropped their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $31.15.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Intel Trading Up 1.5 %

INTC stock traded up $0.34 during trading on Friday, reaching $22.68. The company had a trading volume of 67,502,984 shares, compared to its average volume of 59,830,280. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The business has a 50 day moving average of $21.59 and a 200 day moving average of $27.63. The company has a market cap of $96.98 billion, a P/E ratio of 98.61 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the prior year, the company posted ($0.05) EPS. The firm’s revenue was down .8% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio is presently 217.40%.

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.