Clarius Group LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,126 shares of the chip maker’s stock after buying an additional 920 shares during the quarter. Clarius Group LLC’s holdings in Intel were worth $1,776,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in INTC. Johanson Financial Advisors Inc. raised its stake in shares of Intel by 5,885.6% during the 4th quarter. Johanson Financial Advisors Inc. now owns 6,161,195 shares of the chip maker’s stock worth $102,941,000 after buying an additional 6,058,262 shares during the last quarter. Man Group plc raised its stake in Intel by 978.3% in the 3rd quarter. Man Group plc now owns 5,306,135 shares of the chip maker’s stock valued at $273,424,000 after purchasing an additional 4,814,051 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Intel by 762.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,174,969 shares of the chip maker’s stock valued at $215,136,000 after purchasing an additional 3,691,057 shares during the last quarter. California Public Employees Retirement System raised its stake in Intel by 20.3% in the 3rd quarter. California Public Employees Retirement System now owns 12,201,573 shares of the chip maker’s stock valued at $628,747,000 after purchasing an additional 2,055,130 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in Intel by 202.5% in the 4th quarter. DNB Asset Management AS now owns 1,714,682 shares of the chip maker’s stock valued at $102,624,000 after purchasing an additional 1,147,881 shares during the last quarter. 65.48% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:INTC opened at $62.73 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20. Intel Co. has a 1 year low of $42.86 and a 1 year high of $62.85. The stock has a market capitalization of $259.26 billion, a P/E ratio of 14.73, a PEG ratio of 1.69 and a beta of 0.91. The stock has a 50-day simple moving average of $58.85 and a 200-day simple moving average of $53.47.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $19.19 billion during the quarter, compared to analysts’ expectations of $18.07 billion. During the same quarter in the previous year, the business earned $1.40 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that Intel Co. will post 4.61 earnings per share for the current year.
Intel announced that its Board of Directors has initiated a share buyback program on Thursday, October 24th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the chip maker to buy up to 8.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, Director Frank D. Yeary sold 2,509 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.34, for a total transaction of $141,357.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navin Shenoy sold 1,404 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.94, for a total value of $78,539.76. Following the sale, the executive vice president now owns 58,168 shares of the company’s stock, valued at approximately $3,253,917.92. The disclosure for this sale can be found here. Insiders have sold a total of 81,284 shares of company stock valued at $4,517,194 in the last quarter. Company insiders own 0.02% of the company’s stock.
INTC has been the subject of several analyst reports. Wells Fargo & Co boosted their target price on shares of Intel from $55.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Loop Capital set a $50.00 target price on shares of Intel and gave the company a “hold” rating in a research note on Friday, October 18th. Goldman Sachs Group reissued a “sell” rating and issued a $48.00 target price on shares of Intel in a research note on Friday, October 25th. SunTrust Banks boosted their target price on shares of Intel from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their target price on shares of Intel from $65.00 to $70.00 and gave the company a “positive” rating in a research note on Monday, December 2nd. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and a consensus target price of $58.05.
Intel 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.