Teachers Retirement System of The State of Kentucky Trims Holdings in Intel Co. (INTC)
Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 11.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,089,800 shares of the chip maker’s stock after selling 138,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Intel were worth $41,500,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. bought a new position in shares of Intel during the 3rd quarter worth about $119,000. Acrospire Investment Management LLC lifted its holdings in Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the last quarter. Winfield Associates Inc. lifted its holdings in Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the last quarter. Finally, Burt Wealth Advisors lifted its holdings in Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the last quarter. 67.43% of the stock is owned by institutional investors.
In other news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 932,755 shares of company stock valued at $41,387,752. 0.08% of the stock is owned by corporate insiders.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter in the previous year, the company earned $0.79 EPS. Intel’s revenue was up 4.1% on a year-over-year basis. research analysts expect that Intel Co. will post 3.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Intel’s payout ratio is currently 60.61%.
Several equities analysts recently issued reports on the stock. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the company a “sell” rating in a report on Wednesday, January 10th. Needham & Company LLC lifted their price target on shares of Intel from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 26th. SunTrust Banks reissued a “hold” rating and set a $50.00 price target on shares of Intel in a report on Friday, January 26th. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target for the company. in a report on Wednesday, January 17th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $55.00 price target on shares of Intel in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.26.
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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