Intel Co. (NASDAQ:INTC) Shares Bought by Gyroscope Capital Management Group LLC

Gyroscope Capital Management Group LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,407 shares of the chip maker’s stock after buying an additional 10,583 shares during the period. Intel comprises 2.5% of Gyroscope Capital Management Group LLC’s portfolio, making the stock its 9th biggest position. Gyroscope Capital Management Group LLC’s holdings in Intel were worth $5,613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. FMR LLC increased its holdings in shares of Intel by 39.2% during the second quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock worth $1,740,598,000 after buying an additional 8,197,324 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in shares of Intel in the first quarter valued at approximately $73,141,000. Nordea Investment Management AB increased its holdings in shares of Intel by 116.0% in the second quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock valued at $863,186,000 after purchasing an additional 7,774,135 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Intel by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock valued at $2,611,183,000 after purchasing an additional 2,854,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Intel by 213.3% in the second quarter. Assenagon Asset Management S.A. now owns 2,776,281 shares of the chip maker’s stock valued at $166,105,000 after purchasing an additional 1,890,088 shares in the last quarter. 64.41% of the stock is owned by institutional investors.

In related news, VP Kevin Thomas Mcbride sold 4,400 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $49.28, for a total value of $216,832.00. Following the transaction, the vice president now owns 14,214 shares in the company, valued at approximately $700,465.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert Holmes Swan purchased 8,021 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was bought at an average price of $50.00 per share, for a total transaction of $401,050.00. Following the purchase, the chief executive officer now owns 293,594 shares in the company, valued at approximately $14,679,700. The disclosure for this purchase can be found here. In the last quarter, insiders sold 7,491 shares of company stock worth $365,878. 0.04% of the stock is owned by company insiders.

INTC has been the subject of a number of research reports. Mizuho reissued a “buy” rating and issued a $63.00 price target on shares of Intel in a report on Monday, August 10th. Tigress Financial reaffirmed a “buy” rating on shares of Intel in a report on Thursday, July 30th. Nomura reaffirmed a “buy” rating and set a $74.00 target price on shares of Intel in a report on Sunday, June 21st. Wells Fargo & Company lowered their target price on shares of Intel from $60.00 to $55.00 in a report on Friday, July 24th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a $46.00 target price on shares of Intel in a report on Monday, July 27th. Twelve equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $61.24.

Intel stock opened at $54.16 on Friday. The firm has a market capitalization of $230.34 billion, a PE ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72. The company’s 50-day moving average is $50.81 and its 200-day moving average is $55.53. Intel Co. has a fifty-two week low of $43.63 and a fifty-two week high of $69.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.12. The company had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same period in the previous year, the business earned $1.06 EPS. As a group, analysts expect that Intel Co. will post 4.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.44%. Intel’s dividend payout ratio (DPR) is currently 27.10%.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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