Martingale Asset Management L P Has $50.67 Million Position in Intel (INTC)

Martingale Asset Management L P decreased its position in Intel (NASDAQ:INTC) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,097,677 shares of the chip maker’s stock after selling 285,127 shares during the quarter. Intel accounts for about 0.7% of Martingale Asset Management L P’s holdings, making the stock its 20th biggest holding. Martingale Asset Management L P’s holdings in Intel were worth $50,670,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of INTC. Epstein & White Financial LLC purchased a new position in Intel in the fourth quarter valued at approximately $262,000. Whalerock Point Partners LLC increased its stake in Intel by 32.8% in the fourth quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock valued at $1,730,000 after purchasing an additional 9,250 shares during the last quarter. Berkshire Asset Management LLC PA increased its stake in Intel by 9.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock valued at $20,477,000 after purchasing an additional 36,802 shares during the last quarter. Marathon Asset Management LLP increased its stake in Intel by 7.8% in the fourth quarter. Marathon Asset Management LLP now owns 2,746,300 shares of the chip maker’s stock valued at $126,776,000 after purchasing an additional 199,461 shares during the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV increased its stake in Intel by 9.4% in the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock valued at $6,298,000 after purchasing an additional 11,764 shares during the last quarter. 67.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on INTC shares. Macquarie set a $55.00 target price on shares of Intel and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Vetr upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $47.74 target price on the stock in a research report on Monday, February 5th. Wells Fargo & Co set a $55.00 target price on shares of Intel and gave the stock a “buy” rating in a research report on Monday, February 5th. Citigroup started coverage on shares of Intel in a research report on Tuesday, January 30th. They set a “buy” rating and a $58.00 target price on the stock. Finally, Nomura raised their target price on shares of Intel from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $55.43.

Intel opened at $55.44 on Friday, MarketBeat Ratings reports. The firm has a market cap of $259.37 billion, a PE ratio of 15.07, a PEG ratio of 1.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23. Intel has a 52-week low of $33.23 and a 52-week high of $55.79.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. analysts expect that Intel will post 3.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) is presently 34.68%.

In other news, CEO Brian M. Krzanich sold 3,072 shares of Intel stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $52.78, for a total transaction of $162,140.16. Following the completion of the transaction, the chief executive officer now owns 259,683 shares of the company’s stock, valued at approximately $13,706,068.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 6,746 shares of Intel stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $52.52, for a total value of $354,299.92. Following the transaction, the chief executive officer now directly owns 264,084 shares of the company’s stock, valued at approximately $13,869,691.68. The disclosure for this sale can be found here. Insiders have sold a total of 96,615 shares of company stock valued at $4,753,757 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Intel Profile

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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