Louisiana State Employees Retirement System decreased its holdings in Intel Co. (NASDAQ:INTC) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 283,300 shares of the chip maker’s stock after selling 10,100 shares during the quarter. Intel comprises approximately 0.6% of Louisiana State Employees Retirement System’s portfolio, making the stock its 19th biggest position. Louisiana State Employees Retirement System’s holdings in Intel were worth $13,077,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in INTC. Financial Engines Advisors L.L.C. purchased a new position in Intel during the third quarter valued at $119,000. Acrospire Investment Management LLC lifted its position in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares during the period. JFS Wealth Advisors LLC lifted its position in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after buying an additional 1,233 shares during the period. Fieldpoint Private Securities LLC purchased a new position in Intel during the third quarter valued at $158,000. Finally, Burt Wealth Advisors lifted its position in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after buying an additional 3,471 shares during the period. 69.16% of the stock is owned by institutional investors.
Shares of Intel stock traded down $1.59 during trading hours on Friday, reaching $48.79. 28,215,164 shares of the stock traded hands, compared to its average volume of 33,605,900. The company has a market cap of $227,751.72, a P/E ratio of 14.10, a P/E/G ratio of 1.64 and a beta of 0.95. Intel Co. has a one year low of $33.23 and a one year high of $53.78. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ 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 return on equity of 24.33% and a net margin of 15.30%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. research analysts anticipate that Intel Co. will post 3.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total value of $880,610.22. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on INTC shares. Tigress Financial raised Intel from a “neutral” rating to a “buy” rating and set a $50.34 price target for the company in a research report on Thursday. Morningstar set a $41.00 price target on Intel and gave the stock a “neutral” rating in a research report on Friday, January 26th. Morgan Stanley lifted their price target on Intel from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. KeyCorp lifted their price target on Intel from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, ValuEngine lowered Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Three equities 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $50.79.
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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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