Intel Co. (NASDAQ:INTC) Stock Holdings Trimmed by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.5% during the 4th quarter, Holdings Channel reports. The fund owned 83,152 shares of the chip maker’s stock after selling 2,106 shares during the period. Intel makes up approximately 0.3% of Honkamp Krueger Financial Services Inc.’s portfolio, making the stock its 24th largest holding. Honkamp Krueger Financial Services Inc.’s holdings in Intel were worth $4,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in INTC. Nuveen Asset Management LLC raised its stake in shares of Intel by 1,899.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock worth $1,204,894,000 after buying an additional 23,911,014 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in Intel by 214.8% during the second quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock worth $460,532,000 after acquiring an additional 6,564,340 shares during the last quarter. Johanson Financial Advisors Inc. lifted its position in Intel by 5,885.6% during the fourth quarter. Johanson Financial Advisors Inc. now owns 6,161,195 shares of the chip maker’s stock worth $102,941,000 after acquiring an additional 6,058,262 shares during the last quarter. Man Group plc lifted its position in Intel by 978.3% during the third quarter. Man Group plc now owns 5,306,135 shares of the chip maker’s stock worth $273,424,000 after acquiring an additional 4,814,051 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Intel by 762.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,174,969 shares of the chip maker’s stock worth $215,136,000 after acquiring an additional 3,691,057 shares during the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

In other Intel news, Chairman Andy D. Bryant sold 46,932 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $58.24, for a total transaction of $2,733,319.68. Following the completion of the transaction, the chairman now directly owns 425,491 shares in the company, valued at $24,780,595.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jennifer Balliet sold 6,833 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.25, for a total transaction of $165,700.25. Over the last 90 days, insiders have sold 81,284 shares of company stock valued at $4,517,194. Company insiders own 0.02% of the company’s stock.

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of Intel from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Nomura restated a “buy” rating on shares of Intel in a research report on Tuesday, December 17th. BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Saturday, January 4th. JPMorgan Chase & Co. set a $68.00 price objective on shares of Intel and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Morgan Stanley raised their price objective on shares of Intel from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.66.

Shares of INTC opened at $59.43 on Wednesday. Intel Co. has a one year low of $42.86 and a one year high of $60.97. The company has a market cap of $259.22 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.67 and a beta of 0.91. 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 firm has a 50 day simple moving average of $58.52 and a two-hundred day simple moving average of $52.99.

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

Intel declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 24th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

About Intel

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.

See Also: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.