Intel Co. (NASDAQ:INTC) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 90.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,143,633 shares of the chip maker’s stock after purchasing an additional 543,598 shares during the period. Vontobel Holding Ltd.’s holdings in Intel were worth $26,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jamison Private Wealth Management Inc. boosted its stake in shares of Intel by 3.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 126,494 shares of the chip maker’s stock worth $2,968,000 after acquiring an additional 4,558 shares in the last quarter. Applied Capital LLC FL raised its holdings in Intel by 5.1% during the third quarter. Applied Capital LLC FL now owns 19,872 shares of the chip maker’s stock worth $466,000 after purchasing an additional 965 shares during the last quarter. 626 Financial LLC boosted its position in Intel by 5.6% during the third quarter. 626 Financial LLC now owns 17,595 shares of the chip maker’s stock worth $413,000 after purchasing an additional 929 shares in the last quarter. Prospect Financial Services LLC acquired a new stake in Intel in the third quarter valued at $276,000. Finally, Swedbank AB increased its position in shares of Intel by 0.3% in the third quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock valued at $39,105,000 after buying an additional 4,300 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ INTC opened at $22.31 on Thursday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The firm has a market capitalization of $94.97 billion, a PE ratio of 23.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The business’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $28.33.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, August 2nd. Wedbush dropped their price target on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.96.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought 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 owns 37,975 shares in the company, valued at $765,576. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by company insiders.

About Intel

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.