Intel Co. (NASDAQ:INTC) Holdings Decreased by Securian Asset Management Inc
Securian Asset Management Inc cut its holdings in Intel Co. (NASDAQ:INTC) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,022 shares of the chip maker’s stock after selling 7,450 shares during the quarter. Intel comprises about 0.7% of Securian Asset Management Inc’s investment portfolio, making the stock its 25th biggest holding. Securian Asset Management Inc’s holdings in Intel were worth $23,327,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of INTC. Beech Hill Advisors Inc. raised its position in Intel by 2.2% in the fourth quarter. Beech Hill Advisors Inc. now owns 106,232 shares of the chip maker’s stock worth $6,358,000 after acquiring an additional 2,250 shares in the last quarter. Fluent Financial LLC increased its stake in Intel by 102.9% in the 4th quarter. Fluent Financial LLC now owns 45,159 shares of the chip maker’s stock worth $2,703,000 after purchasing an additional 22,905 shares in the last quarter. Roof Eidam & Maycock ADV increased its stake in Intel by 5.3% in the 4th quarter. Roof Eidam & Maycock ADV now owns 36,928 shares of the chip maker’s stock worth $2,210,000 after purchasing an additional 1,868 shares in the last quarter. Hurlow Wealth Management Group Inc. purchased a new position in Intel in the 4th quarter worth about $216,000. Finally, 180 Wealth Advisors LLC increased its stake in Intel by 42.4% in the 4th quarter. 180 Wealth Advisors LLC now owns 24,088 shares of the chip maker’s stock worth $1,420,000 after purchasing an additional 7,174 shares in the last quarter. Hedge funds and other institutional investors own 66.56% of the company’s stock.
In other Intel news, insider Venkata S. M. Renduchintala sold 46,544 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $60.67, for a total value of $2,823,824.48. Following the completion of the transaction, the insider now directly owns 126,240 shares in the company, valued at $7,658,980.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven Ralph Rodgers sold 38,220 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $60.00, for a total value of $2,293,200.00. Following the completion of the transaction, the executive vice president now owns 89,013 shares of the company’s stock, valued at $5,340,780. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,470 shares of company stock valued at $7,005,231. 0.04% of the stock is owned by corporate insiders.
Shares of Intel stock opened at $58.28 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.35. The company has a market capitalization of $252.64 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82. Intel Co. has a 1 year low of $42.86 and a 1 year high of $69.29. The business has a 50-day moving average of $57.65 and a two-hundred day moving average of $58.65.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.17. The business had revenue of $19.83 billion during the quarter, compared to the consensus estimate of $18.65 billion. Intel had a return on equity of 31.64% and a net margin of 30.02%. Intel’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. On average, equities analysts anticipate that Intel Co. will post 4.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.26%. Intel’s payout ratio is presently 27.10%.
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.
Further Reading: Asset Allocation Models, Which is Right For You?
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.