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.

A number of equities analysts recently weighed in on INTC shares. Raymond James raised Intel from an “underperform” rating to a “market perform” rating and set a $75.00 price target on the stock in a research note on Monday, April 6th. Barclays raised Intel from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $52.00 to $58.00 in a research note on Wednesday, April 1st. Tigress Financial reaffirmed a “buy” rating on shares of Intel in a research note on Tuesday, January 28th. ValuEngine cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, SunTrust Banks lifted their target price on Intel from $58.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $64.97.

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 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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