Johnson Financial Group Inc. decreased its position in shares of Intel (NASDAQ:INTC) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,394 shares of the chip maker’s stock after selling 2,703 shares during the period. Intel accounts for about 0.6% of Johnson Financial Group Inc.’s investment portfolio, making the stock its 27th largest holding. Johnson Financial Group Inc.’s holdings in Intel were worth $5,235,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Goodman Financial Corp bought a new position in shares of Intel in the fourth quarter valued at $102,000. Delphi Private Advisors LLC increased its holdings in shares of Intel by 286.1% in the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after buying an additional 2,157 shares in the last quarter. First Dallas Securities Inc. bought a new position in shares of Intel in the fourth quarter valued at $144,000. Financial Engines Advisors L.L.C. purchased a new position in Intel during the 3rd quarter worth approximately $119,000. Finally, Keeler Thomas Management LLC purchased a new position in Intel during the 4th quarter worth approximately $176,000. 67.02% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the stock. BNP Paribas reiterated a “neutral” rating and set a $54.00 price objective on shares of Intel in a research report on Monday, May 14th. Cowen assumed coverage on shares of Intel in a research report on Thursday, May 17th. They set a “market perform” rating and a $55.00 price objective on the stock. Wells Fargo & Co reiterated a “buy” rating and set a $65.00 price objective on shares of Intel in a research report on Friday, May 18th. Macquarie reiterated a “buy” rating and set a $64.00 price objective on shares of Intel in a research report on Friday, May 18th. Finally, Barclays lifted their price objective on shares of Intel from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, April 19th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and an average target price of $55.43.
Intel stock opened at $55.44 on Friday. The firm has a market cap of $256.14 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $55.79.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.15. The firm had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.08 billion. Intel had a net margin of 17.32% and a return on equity of 25.41%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. equities analysts forecast that Intel will post 3.84 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is 34.68%.
In other Intel news, CEO Brian M. Krzanich sold 6,746 shares of the business’s stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $52.52, for a total transaction of $354,299.92. Following the completion of the transaction, the chief executive officer now owns 264,084 shares of the company’s stock, valued at approximately $13,869,691.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 1,010 shares of the business’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $52.80, for a total transaction of $53,328.00. Following the transaction, the executive vice president now directly owns 32,920 shares of the company’s stock, valued at approximately $1,738,176. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,615 shares of company stock valued at $4,753,757. Company insiders own 0.03% of the company’s stock.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.