Intel Co. (NASDAQ:INTC) Stock Position Reduced by Oregon Public Employees Retirement Fund


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Oregon Public Employees Retirement Fund lowered its stake in Intel Co. (NASDAQ:INTC) by 8.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,165,332 shares of the chip maker’s stock after selling 286,258 shares during the quarter. Intel makes up about 2.1% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 4th biggest position. Oregon Public Employees Retirement Fund’s holdings in Intel were worth $157,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. DB Wealth Management Group LLC purchased a new stake in Intel in the 4th quarter worth $29,000. Baron Financial Group LLC purchased a new stake in Intel in the 3rd quarter worth $34,000. Ogorek Anthony Joseph NY ADV purchased a new stake in Intel in the 4th quarter worth $31,000. Holloway Wealth Management LLC purchased a new stake in Intel in the 3rd quarter worth $41,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Intel in the 4th quarter worth $42,000. Institutional investors and hedge funds own 63.25% of the company’s stock.

Several analysts have recently issued reports on the stock. Northland Securities cut shares of Intel from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $57.00 to $46.00 in a research report on Monday, February 1st. JPMorgan Chase & Co. set a $80.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Friday, January 22nd. Sanford C. Bernstein restated a “sell” rating and set a $43.00 target price on shares of Intel in a research report on Friday, January 22nd. Barclays upped their target price on shares of Intel from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Friday, January 22nd. Finally, DZ Bank upgraded shares of Intel from a “sell” rating to a “hold” rating and set a $62.00 target price on the stock in a research report on Friday, January 15th. Eleven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $61.64.

Shares of NASDAQ INTC traded down $0.13 during midday trading on Tuesday, reaching $60.58. 1,098,292 shares of the company’s stock traded hands, compared to its average volume of 39,641,777. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $57.25 and its 200-day simple moving average is $51.11. Intel Co. has a one year low of $43.61 and a one year high of $65.11. The company has a market cap of $246.14 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.63 and a beta of 0.74.

Intel (NASDAQ:INTC) last posted its earnings results on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.42. Intel had a net margin of 28.10% and a return on equity of 29.44%. During the same quarter in the previous year, the business earned $1.52 earnings per share. Equities analysts predict that Intel Co. will post 4.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 5th will be given a dividend of $0.3475 per share. This is a boost from Intel’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, February 4th. This represents a $1.39 dividend on an annualized basis and a yield of 2.29%. Intel’s dividend payout ratio is presently 28.54%.

In related news, CFO George S. Davis purchased 9,095 shares of the firm’s stock in a transaction on Tuesday, January 26th. The stock was acquired at an average price of $55.34 per share, with a total value of $503,317.30. Following the completion of the acquisition, the chief financial officer now owns 71,223 shares in the company, valued at approximately $3,941,480.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Holmes Swan purchased 27,244 shares of the firm’s stock in a transaction on Monday, January 25th. The stock was bought at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the acquisition, the chief executive officer now owns 330,774 shares of the company’s stock, valued at approximately $18,381,111.18. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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