PGGM Investments Has $164.86 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

PGGM Investments lessened its holdings in Intel Co. (NASDAQ:INTC) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,754,501 shares of the chip maker’s stock after selling 703,199 shares during the period. Intel comprises approximately 0.9% of PGGM Investments’ portfolio, making the stock its 29th biggest position. PGGM Investments owned about 0.06% of Intel worth $164,857,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Kanawha Capital Management LLC boosted its position in Intel by 1.6% during the second quarter. Kanawha Capital Management LLC now owns 320,181 shares of the chip maker’s stock valued at $15,327,000 after purchasing an additional 5,112 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in Intel by 214.8% during the second quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock valued at $460,532,000 after purchasing an additional 6,564,340 shares during the last quarter. Cohen & Steers Inc. boosted its position in Intel by 2,782.0% during the second quarter. Cohen & Steers Inc. now owns 18,272 shares of the chip maker’s stock valued at $875,000 after purchasing an additional 17,638 shares during the last quarter. Ensemble Capital Management LLC boosted its position in Intel by 4.2% during the second quarter. Ensemble Capital Management LLC now owns 13,380 shares of the chip maker’s stock valued at $641,000 after purchasing an additional 540 shares during the last quarter. Finally, PointState Capital LP boosted its position in Intel by 19.0% during the second quarter. PointState Capital LP now owns 53,700 shares of the chip maker’s stock valued at $2,571,000 after purchasing an additional 8,580 shares during the last quarter. 65.28% of the stock is owned by institutional investors and hedge funds.

INTC traded down $0.36 on Friday, hitting $59.30. 7,133,188 shares of the stock traded hands, compared to its average volume of 18,479,041. Intel Co. has a 52 week low of $42.86 and a 52 week high of $60.97. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $258.52 billion, a PE ratio of 12.95, a P/E/G ratio of 1.68 and a beta of 0.91. The business has a fifty day moving average price of $58.55 and a two-hundred day moving average price of $53.10.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.18. Intel had a return on equity of 28.28% and a net margin of 27.46%. The firm had revenue of $19.19 billion for the quarter, compared to analyst estimates of $18.07 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Intel Co. will post 4.61 EPS for the current fiscal year.

Intel announced that its board has authorized a share repurchase plan on Thursday, October 24th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the chip maker to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Several research firms have weighed in on INTC. Mizuho raised their target price on Intel from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. UBS Group set a $60.00 target price on Intel and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America raised their target price on Intel from $65.00 to $70.00 and gave the company a “positive” rating in a report on Monday, December 2nd. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on Intel from $47.00 to $48.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Finally, Robert W. Baird raised their target price on Intel from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $56.88.

In other Intel news, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.34, for a total transaction of $141,357.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 1,404 shares of Intel stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $55.94, for a total value of $78,539.76. Following the sale, the executive vice president now directly owns 58,168 shares in the company, valued at $3,253,917.92. The disclosure for this sale can be found here. Insiders have sold 81,284 shares of company stock worth $4,517,194 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

Recommended Story: How to Invest in an Index Fund

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.