Nuveen Asset Management LLC Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Nuveen Asset Management LLC trimmed its stake in Intel Co. (NASDAQ:INTCGet Rating) by 3.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,652,024 shares of the chip maker’s stock after selling 732,960 shares during the period. Nuveen Asset Management LLC’s holdings in Intel were worth $960,579,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Intel by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 78,100,727 shares of the chip maker’s stock valued at $4,013,364,000 after purchasing an additional 1,554,610 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Intel by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 41,547,519 shares of the chip maker’s stock worth $2,213,654,000 after acquiring an additional 1,756,206 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Intel by 9.5% during the 4th quarter. Primecap Management Co. CA now owns 39,401,295 shares of the chip maker’s stock worth $2,029,167,000 after acquiring an additional 3,405,750 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Intel by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 39,158,241 shares of the chip maker’s stock worth $2,086,486,000 after acquiring an additional 233,487 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Intel by 7.3% during the 3rd quarter. Morgan Stanley now owns 29,214,320 shares of the chip maker’s stock worth $1,556,541,000 after acquiring an additional 1,978,994 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Several research analysts recently commented on the stock. Credit Suisse Group set a $60.00 price objective on shares of Intel in a research note on Friday, April 29th. Mizuho cut their price target on shares of Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 27th. StockNews.com lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 29th. TheStreet lowered shares of Intel from a “b-” rating to a “c+” rating in a research note on Tuesday. Finally, Morgan Stanley lowered shares of Intel from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $55.00 to $47.00 in a research note on Thursday, March 3rd. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.54.

In other news, CFO David Zinsner purchased 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was bought at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the completion of the purchase, the chief financial officer now directly owns 8,803 shares of the company’s stock, valued at $393,758.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.02% of the stock is owned by insiders.

INTC stock traded up $1.28 during mid-day trading on Thursday, hitting $43.48. 28,763,796 shares of the company were exchanged, compared to its average volume of 37,997,023. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $177.79 billion, a P/E ratio of 7.01, a PEG ratio of 1.59 and a beta of 0.61. The business has a fifty day simple moving average of $46.24 and a 200-day simple moving average of $48.65. Intel Co. has a 12-month low of $40.31 and a 12-month high of $58.42.

Intel (NASDAQ:INTCGet Rating) last announced its earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. Intel had a net margin of 31.68% and a return on equity of 21.67%. The company had revenue of $18.40 billion during the quarter, compared to analyst estimates of $18.32 billion. During the same quarter last year, the firm posted $1.39 earnings per share. Intel’s revenue was down 6.6% compared to the same quarter last year. Research analysts predict that Intel Co. will post 3.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Saturday, May 7th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a yield of 3.36%. Intel’s dividend payout ratio is currently 24.25%.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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