Bank Julius Baer & Co. Ltd Zurich Has $12.04 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in Intel Co. (NASDAQ:INTC) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,504 shares of the chip maker’s stock after buying an additional 21,848 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Intel were worth $12,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in INTC. Vanguard Group Inc. boosted its holdings in Intel by 0.4% during the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares during the last quarter. Primecap Management Co. CA increased its stake in Intel by 6.0% in the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after buying an additional 4,226,790 shares during the last quarter. Northern Trust Corp increased its stake in Intel by 3.7% in the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after buying an additional 1,626,127 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Intel by 18.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after buying an additional 6,064,950 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Intel by 13.4% in the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after buying an additional 4,222,381 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of INTC traded down $3.23 during mid-day trading on Friday, hitting $31.88. 119,590,954 shares of the company traded hands, compared to its average volume of 48,144,715. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The stock has a 50-day moving average price of $41.11 and a two-hundred day moving average price of $42.25. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The stock has a market cap of $134.79 billion, a price-to-earnings ratio of 81.28, a P/E/G ratio of 3.13 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post 0.6 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. Intel’s payout ratio is 128.21%.

Insider Buying and Selling at Intel

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on INTC shares. Barclays decreased their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday. HSBC decreased their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday. Citigroup reduced their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Wedbush reduced their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday. Finally, Susquehanna reduced their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.75.

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.