Raymond James Trust N.A. Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Raymond James Trust N.A. lowered its stake in Intel Co. (NASDAQ:INTC) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,204 shares of the chip maker’s stock after selling 4,355 shares during the quarter. Raymond James Trust N.A.’s holdings in Intel were worth $11,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Intel by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after purchasing an additional 2,219,241 shares in the last quarter. BlackRock Inc. grew its holdings in Intel by 0.3% during the 2nd quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock valued at $14,029,440,000 after buying an additional 961,771 shares in the last quarter. Morgan Stanley grew its holdings in Intel by 8.2% during the 2nd quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock valued at $1,318,484,000 after buying an additional 2,081,749 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Intel by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 27,074,144 shares of the chip maker’s stock valued at $1,395,131,000 after buying an additional 516,977 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Intel by 1,899.0% during the second quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock valued at $1,204,894,000 after buying an additional 23,911,014 shares during the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ INTC opened at $59.43 on Wednesday. Intel Co. has a 1-year low of $42.86 and a 1-year high of $60.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. The business’s 50 day moving average is $58.52 and its two-hundred day moving average is $52.99. The stock has a market capitalization of $259.22 billion, a P/E ratio of 12.98, a PEG ratio of 1.67 and a beta of 0.91.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.18. The business had revenue of $19.19 billion during the quarter, compared to analyst estimates of $18.07 billion. Intel had a return on equity of 28.28% and a net margin of 27.46%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $1.40 EPS. As a group, equities research analysts anticipate that Intel Co. will post 4.61 earnings per share for the current fiscal year.

Intel announced that its board has authorized a share buyback program on Thursday, October 24th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the chip maker to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Several equities analysts have recently commented on INTC shares. Cowen boosted their target price on shares of Intel from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research note on Saturday, January 4th. BMO Capital Markets lifted their price target on shares of Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Morgan Stanley boosted their price target on shares of Intel from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Loop Capital set a $50.00 price target on shares of Intel and gave the stock a “hold” rating in a research note on Friday, October 18th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $56.66.

In other news, EVP Navin Shenoy sold 1,404 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.94, for a total value of $78,539.76. Following the completion of the sale, the executive vice president now owns 58,168 shares in the company, valued at approximately $3,253,917.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Andy D. Bryant sold 46,932 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $58.24, for a total transaction of $2,733,319.68. Following the completion of the sale, the chairman now owns 425,491 shares of the company’s stock, valued at approximately $24,780,595.84. The disclosure for this sale can be found here. Insiders have sold a total of 81,284 shares of company stock worth $4,517,194 in the last 90 days. 0.02% of the stock is currently owned by insiders.

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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