Handelsbanken Fonder AB Grows Stake in Intel Co. (NASDAQ:INTC)

Handelsbanken Fonder AB boosted its position in shares of Intel Co. (NASDAQ:INTC) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 931,193 shares of the chip maker’s stock after buying an additional 10,631 shares during the period. Handelsbanken Fonder AB’s holdings in Intel were worth $49,614,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in INTC. Orion Capital Management LLC acquired a new stake in shares of Intel in the 3rd quarter worth $27,000. Strategic Asset Management LLC purchased a new position in shares of Intel in the 3rd quarter valued at about $28,000. Tower View Investment Management & Research LLC increased its stake in shares of Intel by 200.0% in the 3rd quarter. Tower View Investment Management & Research LLC now owns 600 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Moser Wealth Advisors LLC purchased a new stake in Intel during the 3rd quarter worth approximately $50,000. Finally, Pacifica Partners Inc. increased its stake in Intel by 22.8% during the 3rd quarter. Pacifica Partners Inc. now owns 1,076 shares of the chip maker’s stock worth $58,000 after buying an additional 200 shares in the last quarter. 61.94% of the stock is owned by institutional investors.

Shares of INTC traded up $0.18 during mid-day trading on Friday, hitting $55.12. 260,180 shares of the company’s stock were exchanged, compared to its average volume of 30,320,560. The firm has a fifty day moving average of $51.20 and a two-hundred day moving average of $52.87. Intel Co. has a twelve month low of $47.87 and a twelve month high of $68.49. The stock has a market cap of $224.17 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 2.00 and a beta of 0.53. The company has a quick ratio of 1.74, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, October 20th. The chip maker reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.60. Intel had a net margin of 26.89% and a return on equity of 28.74%. The company had revenue of $19.19 billion for the quarter, compared to analyst estimates of $18.22 billion. During the same quarter in the prior year, the business posted $1.11 EPS. On average, equities analysts predict that Intel Co. will post 5.28 earnings per share for the current year.

In related news, Director Dion J. Weisler acquired 10,351 shares of the stock in a transaction on Thursday, October 28th. The stock was purchased at an average price of $48.11 per share, for a total transaction of $497,986.61. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank D. Yeary acquired 10,000 shares of the stock in a transaction on Monday, October 25th. The stock was bought at an average price of $49.66 per share, with a total value of $496,600.00. The disclosure for this purchase can be found here. 0.02% of the stock is currently owned by corporate insiders.

A number of research analysts recently commented on the company. Evercore ISI decreased their price objective on Intel from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, October 22nd. Tigress Financial increased their target price on Intel from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, January 4th. Wedbush dropped their price objective on Intel from $50.00 to $45.00 and set an “underperform” rating on the stock in a report on Friday, October 22nd. Needham & Company LLC decreased their target price on shares of Intel from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, October 22nd. Finally, Morgan Stanley set a $55.00 target price on shares of Intel in a research note on Tuesday, December 7th. Eleven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $57.71.

Intel Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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