Puzo Michael J reduced its holdings in Intel Co. (NASDAQ:INTC) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 156,461 shares of the chip maker’s stock after selling 6,034 shares during the quarter. Intel makes up 3.4% of Puzo Michael J’s portfolio, making the stock its 11th biggest position. Puzo Michael J’s holdings in Intel were worth $9,365,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Evanson Asset Management LLC increased its stake in Intel by 0.8% during the 4th quarter. Evanson Asset Management LLC now owns 21,877 shares of the chip maker’s stock valued at $1,309,000 after buying an additional 172 shares during the period. Unison Advisors LLC boosted its holdings in shares of Intel by 0.6% in the fourth quarter. Unison Advisors LLC now owns 30,650 shares of the chip maker’s stock valued at $1,834,000 after acquiring an additional 182 shares in the last quarter. Beaton Management Co. Inc. boosted its holdings in shares of Intel by 0.8% in the third quarter. Beaton Management Co. Inc. now owns 23,905 shares of the chip maker’s stock valued at $1,232,000 after acquiring an additional 190 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Intel by 1.4% in the third quarter. Lindbrook Capital LLC now owns 14,246 shares of the chip maker’s stock valued at $734,000 after acquiring an additional 193 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in shares of Intel by 1.8% during the third quarter. Empirical Finance LLC now owns 11,109 shares of the chip maker’s stock valued at $572,000 after acquiring an additional 195 shares during the period. 65.28% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on INTC. Wedbush boosted their target price on Intel from $42.90 to $46.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Barclays increased their price target on Intel from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price target on Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Sanford C. Bernstein reissued a “sell” rating and issued a $42.00 price objective on shares of Intel in a research note on Friday, October 25th. Finally, UBS Group set a $60.00 price objective on Intel and gave the stock a “buy” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Intel presently has an average rating of “Hold” and an average price target of $56.66.
NASDAQ:INTC opened at $58.94 on Thursday. The stock has a fifty day simple moving average of $58.52 and a 200 day simple moving average of $53.05. The firm has a market capitalization of $258.52 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. Intel Co. has a 1-year low of $42.86 and a 1-year high of $60.97. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.32.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The company had revenue of $19.19 billion during the quarter, compared to analyst estimates of $18.07 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts predict that Intel Co. will post 4.61 earnings per share for the current year.
Intel declared that its board has authorized a stock repurchase plan on Thursday, October 24th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the chip maker to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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