Nisa Investment Advisors LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,952,671 shares of the chip maker’s stock after acquiring an additional 39,919 shares during the period. Intel accounts for approximately 0.9% of Nisa Investment Advisors LLC’s holdings, making the stock its 16th biggest holding. Nisa Investment Advisors LLC’s holdings in Intel were worth $90,128,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Chelsea Counsel Co. lifted its holdings in shares of Intel by 23.2% in the 4th quarter. Chelsea Counsel Co. now owns 30,525 shares of the chip maker’s stock valued at $1,409,000 after acquiring an additional 5,749 shares during the last quarter. Indiana Trust & Investment Management CO lifted its holdings in shares of Intel by 9.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 16,047 shares of the chip maker’s stock valued at $740,000 after acquiring an additional 1,383 shares during the last quarter. Daiwa SB Investments Ltd. lifted its holdings in shares of Intel by 26.1% in the 4th quarter. Daiwa SB Investments Ltd. now owns 6,950 shares of the chip maker’s stock valued at $321,000 after acquiring an additional 1,440 shares during the last quarter. Sawyer & Company Inc bought a new position in shares of Intel in the 4th quarter valued at about $4,964,000. Finally, Rockland Trust Co. lifted its holdings in shares of Intel by 30.1% in the 4th quarter. Rockland Trust Co. now owns 17,012 shares of the chip maker’s stock valued at $785,000 after acquiring an additional 3,934 shares during the last quarter. 69.16% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction on Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the completion of the sale, the chief executive officer now directly owns 263,382 shares in the company, valued at $13,011,070.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by insiders.
Shares of INTC opened at $48.79 on Friday. The company has a market capitalization of $233,353.33, a price-to-earnings ratio of 14.10, a PEG ratio of 1.68 and a beta of 0.95. Intel Co. has a twelve month low of $33.23 and a twelve month high of $53.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. Intel’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. equities analysts predict that Intel Co. will post 3.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 annualized dividend and a yield of 2.46%. Intel’s dividend payout ratio (DPR) is 34.68%.
A number of research analysts recently commented on INTC shares. Maxim Group increased their price target on shares of Intel to $50.00 and gave the company a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Goldman Sachs set a $43.00 price objective on shares of Intel and gave the stock a “neutral” rating in a research report on Tuesday, December 12th. Mizuho reissued a “buy” rating and issued a $47.00 price objective on shares of Intel in a research report on Tuesday, December 26th. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a research report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Intel presently has an average rating of “Buy” and an average target price of $50.79.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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