Johnson Financial Group Inc. increased its holdings in Intel Co. (NASDAQ:INTC) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,864 shares of the chip maker’s stock after purchasing an additional 2,667 shares during the quarter. Intel accounts for about 0.7% of Johnson Financial Group Inc.’s holdings, making the stock its 24th largest holding. Johnson Financial Group Inc.’s holdings in Intel were worth $6,207,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its holdings in shares of Intel by 5.9% during the first quarter. Baird Financial Group Inc. now owns 1,922,881 shares of the chip maker’s stock valued at $100,143,000 after acquiring an additional 106,635 shares during the last quarter. Allen Capital Group LLC acquired a new position in shares of Intel during the second quarter valued at approximately $211,000. Baxter Bros Inc. raised its holdings in shares of Intel by 11.5% during the second quarter. Baxter Bros Inc. now owns 220,571 shares of the chip maker’s stock valued at $10,965,000 after acquiring an additional 22,783 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Intel by 1.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock valued at $67,598,000 after acquiring an additional 12,285 shares during the last quarter. Finally, Mutual of Omaha Bank Wealth Management raised its holdings in shares of Intel by 4.2% during the second quarter. Mutual of Omaha Bank Wealth Management now owns 29,713 shares of the chip maker’s stock valued at $1,477,000 after acquiring an additional 1,205 shares during the last quarter. 65.25% of the stock is owned by institutional investors.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the transaction, the executive vice president now directly owns 30,324 shares in the company, valued at $1,384,593.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the transaction, the vice president now owns 14,271 shares of the company’s stock, valued at $649,758.63. The disclosure for this sale can be found here. Insiders sold 8,747 shares of company stock valued at $398,552 over the last quarter. 0.03% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the company. Cowen reduced their target price on Intel from $54.00 to $52.00 and set a “market perform” rating for the company in a report on Friday, July 27th. Stifel Nicolaus restated a “neutral” rating and issued a $60.00 price target on shares of Intel in a research report on Monday, July 16th. Wells Fargo & Co dropped their price target on Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, September 10th. Macquarie restated a “buy” rating and issued a $60.00 price target on shares of Intel in a research report on Monday, September 10th. Finally, Royal Bank of Canada restated a “neutral” rating and issued a $60.00 price target on shares of Intel in a research report on Monday, July 16th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.27.
Shares of Intel stock opened at $48.11 on Friday. The company has a market capitalization of $227.93 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. Intel Co. has a fifty-two week low of $42.04 and a fifty-two week high of $57.60. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.25. The company had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. Equities research analysts predict that Intel Co. will post 4.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.49%. Intel’s payout ratio is 34.68%.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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