Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Intel Co. (NASDAQ:INTC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Intel Co. (NASDAQ:INTC) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,883,056 shares of the chip maker’s stock after purchasing an additional 358,196 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intel were worth $94,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC boosted its holdings in Intel by 14.0% in the third quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock valued at $234,000 after purchasing an additional 808 shares during the period. Altus Wealth Group LLC boosted its holdings in Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares during the period. Alera Investment Advisors LLC purchased a new position in Intel in the fourth quarter valued at $201,000. Vanguard Capital Wealth Advisors boosted its holdings in Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the period. Finally, Waverly Advisors LLC raised its stake in Intel by 14.9% in the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock valued at $2,021,000 after buying an additional 7,362 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.05 during trading on Tuesday, hitting $36.26. 30,277,281 shares of the stock were exchanged, compared to its average volume of 46,996,785. The company has a fifty day moving average price of $42.45 and a two-hundred day moving average price of $42.39. The company has a market cap of $153.31 billion, a PE ratio of 93.26, a P/E/G ratio of 3.16 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. On average, analysts forecast that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.38%. Intel’s dividend payout ratio is currently 128.21%.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on INTC shares. Barclays raised their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Morgan Stanley lifted their target price on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Monday, December 18th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, Evercore ISI started coverage on Intel in a research report on Tuesday. They set an “in-line” rating and a $40.00 target price on the stock. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.69.

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.