Intel Co. (INTC) Position Cut by Regent Investment Management LLC

Regent Investment Management LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,046 shares of the chip maker’s stock after selling 1,117 shares during the quarter. Regent Investment Management LLC’s holdings in Intel were worth $1,526,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors lifted its position in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors lifted its position in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital International Investors acquired a new position in Intel during the third quarter valued at approximately $339,563,000. Finally, Vanguard Group Inc. lifted its position in Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Hedge funds and other institutional investors own 69.16% of the company’s stock.

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A number of brokerages have weighed in on INTC. Tigress Financial raised shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 price target on the stock in a research report on Thursday. Morningstar set a $41.00 price target on shares of Intel and gave the company a “neutral” rating in a research report on Friday, January 26th. Morgan Stanley lifted their price target on shares of Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. KeyCorp lifted their price target on shares of Intel from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, ValuEngine cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $50.79.

INTC stock opened at $50.38 on Friday. 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 Co. has a 1-year low of $33.23 and a 1-year high of $53.78. The firm has a market cap of $232,233.00, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities research analysts predict that Intel Co. will post 3.54 earnings per share for the current fiscal year.

The firm 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 annualized dividend and a yield of 2.38%. Intel’s payout ratio is 34.68%.

In other news, EVP Navin Shenoy sold 8,967 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $436,423.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the transaction, the chief executive officer now owns 263,382 shares of the company’s stock, valued at approximately $13,011,070.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by insiders.

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About Intel

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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