Nuveen Asset Management LLC Has $960.58 Million Stake in Intel Co. (NASDAQ:INTC)

Nuveen Asset Management LLC trimmed its holdings in Intel Co. (NASDAQ:INTC – Get Rating) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,652,024 shares of the chip maker’s stock after selling 732,960 shares during the period. Nuveen Asset Management LLC owned about 0.46% of Intel worth $960,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of INTC. Vestmark Advisory Solutions Inc. raised its holdings in Intel by 4.8% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 77,420 shares of the chip maker’s stock worth $3,987,000 after acquiring an additional 3,565 shares in the last quarter. Trust Co. of Vermont raised its stake in Intel by 1.9% in the fourth quarter. Trust Co. of Vermont now owns 203,023 shares of the chip maker’s stock valued at $10,456,000 after buying an additional 3,774 shares during the period. Abundance Wealth Counselors bought a new stake in Intel in the fourth quarter valued at approximately $1,958,000. Aries Wealth Management raised its stake in Intel by 569.8% in the fourth quarter. Aries Wealth Management now owns 202,944 shares of the chip maker’s stock valued at $10,452,000 after buying an additional 172,643 shares during the period. Finally, SOL Capital Management CO raised its stake in Intel by 11.5% in the fourth quarter. SOL Capital Management CO now owns 45,896 shares of the chip maker’s stock valued at $2,364,000 after buying an additional 4,725 shares during the period. 62.74% of the stock is owned by institutional investors.

In other news, CFO David Zinsner acquired 5,500 shares of the stock in a transaction dated Tuesday, May 3rd. The stock was purchased at an average cost of $44.73 per share, with a total value of $246,015.00. Following the completion of the purchase, the chief financial officer now owns 8,803 shares in the company, valued at approximately $393,758.19. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.02% of the company’s stock.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. set a $64.00 target price on Intel in a research note on Thursday, January 27th. DZ Bank downgraded Intel from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a report on Thursday, February 24th. The Goldman Sachs Group set a $41.00 target price on Intel in a report on Monday, March 28th. Citigroup cut their price objective on Intel from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, January 27th. Finally, Sanford C. Bernstein set a $40.00 price objective on Intel in a report on Friday, April 29th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $53.54.

INTC stock traded up $1.28 during midday trading on Thursday, reaching $43.48. 28,763,796 shares of the company’s stock traded hands, compared to its average volume of 37,997,023. The company has a 50-day moving average price of $46.24 and a two-hundred day moving average price of $48.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. Intel Co. has a 52 week low of $40.31 and a 52 week high of $58.42. The firm has a market capitalization of $177.79 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 1.59 and a beta of 0.61.

Intel (NASDAQ:INTC – Get Rating) last released its quarterly 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. The firm had revenue of $18.40 billion for the quarter, compared to analysts’ expectations of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. As a group, analysts predict that Intel Co. will post 3.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, May 5th. This represents a $1.46 annualized dividend and a yield of 3.36%. Intel’s payout ratio is 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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