Newman Dignan & Sheerar Inc. lowered its stake in Intel Co. (NASDAQ:INTC) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,242 shares of the chip maker’s stock after selling 194 shares during the period. Intel makes up about 0.4% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 18th largest holding. Newman Dignan & Sheerar Inc.’s holdings in Intel were worth $4,204,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its stake in Intel by 1,899.0% during the second quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock valued at $1,204,894,000 after buying an additional 23,911,014 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of Intel by 214.8% in the second quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock worth $460,532,000 after acquiring an additional 6,564,340 shares in the last quarter. Johanson Financial Advisors Inc. increased its position in shares of Intel by 5,885.6% in the fourth quarter. Johanson Financial Advisors Inc. now owns 6,161,195 shares of the chip maker’s stock worth $102,941,000 after acquiring an additional 6,058,262 shares in the last quarter. Man Group plc raised its holdings in shares of Intel by 978.3% during the third quarter. Man Group plc now owns 5,306,135 shares of the chip maker’s stock valued at $273,424,000 after acquiring an additional 4,814,051 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Intel by 762.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,174,969 shares of the chip maker’s stock valued at $215,136,000 after acquiring an additional 3,691,057 shares during the period. Institutional investors own 65.28% of the company’s stock.
INTC opened at $58.94 on Thursday. The stock has a fifty day moving average price of $58.52 and a 200 day moving average price of $53.05. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. Intel Co. has a 1 year low of $42.86 and a 1 year high of $60.97. The stock has a market cap of $258.52 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.68 and a beta of 0.91.
Intel announced that its Board of Directors has initiated a share buyback program on Thursday, October 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
A number of research firms recently commented on INTC. BMO Capital Markets raised their price objective on shares of Intel from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Robert W. Baird boosted their target price on shares of Intel from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. SunTrust Banks increased their target price on Intel from $58.00 to $60.00 and gave the company a “hold” rating in a report on Friday, October 25th. Northland Securities restated a “buy” rating and issued a $69.00 target price on shares of Intel in a report on Tuesday, November 5th. Finally, Nomura reaffirmed a “buy” rating on shares of Intel in a research report on Tuesday, December 17th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Intel currently has a consensus rating of “Hold” and a consensus target price of $56.66.
In other news, Chairman Andy D. Bryant sold 46,932 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $58.24, for a total transaction of $2,733,319.68. Following the transaction, the chairman now owns 425,491 shares in the company, valued at approximately $24,780,595.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank D. Yeary sold 2,509 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.34, for a total transaction of $141,357.06. The disclosure for this sale can be found here. In the last three months, insiders sold 81,284 shares of company stock valued at $4,517,194. 0.02% of the stock is currently owned by company insiders.
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.
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