Paragon Wealth Strategies LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,956 shares of the chip maker’s stock after purchasing an additional 868 shares during the quarter. Intel comprises about 0.4% of Paragon Wealth Strategies LLC’s portfolio, making the stock its 25th biggest position. Paragon Wealth Strategies LLC’s holdings in Intel were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johanson Financial Advisors Inc. boosted its stake in Intel by 5,885.6% in the fourth quarter. Johanson Financial Advisors Inc. now owns 6,161,195 shares of the chip maker’s stock valued at $102,941,000 after acquiring an additional 6,058,262 shares during the last quarter. Man Group plc boosted its stake in Intel by 978.3% in the third quarter. Man Group plc now owns 5,306,135 shares of the chip maker’s stock valued at $273,424,000 after acquiring an additional 4,814,051 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Intel by 762.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,174,969 shares of the chip maker’s stock valued at $215,136,000 after acquiring an additional 3,691,057 shares during the last quarter. California Public Employees Retirement System boosted its stake in Intel by 20.3% in the third quarter. California Public Employees Retirement System now owns 12,201,573 shares of the chip maker’s stock valued at $628,747,000 after acquiring an additional 2,055,130 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Intel by 202.5% in the fourth quarter. DNB Asset Management AS now owns 1,714,682 shares of the chip maker’s stock valued at $102,624,000 after acquiring an additional 1,147,881 shares during the last quarter. 65.37% of the stock is currently owned by institutional investors and hedge funds.
INTC has been the topic of a number of recent research reports. Jefferies Financial Group raised shares of Intel from an “underperform” rating to a “hold” rating and raised their price objective for the company from $40.00 to $64.00 in a research note on Tuesday, January 21st. Citigroup lifted their price target on shares of Intel from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday. Loop Capital cut shares of Intel from a “hold” rating to a “sell” rating and lifted their price target for the stock from $50.00 to $59.00 in a research report on Friday. BMO Capital Markets reissued a “market perform” rating and set a $65.00 price target on shares of Intel in a research report on Friday. Finally, Barclays lifted their price target 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. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.51.
Shares of NASDAQ:INTC opened at $67.06 on Monday. Intel Co. has a 12 month low of $42.86 and a 12 month high of $69.29. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $59.25 and its 200 day simple moving average is $53.65. The firm has a market cap of $297.84 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.81 and a beta of 0.91.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 23rd. The chip maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. Intel had a net margin of 29.25% and a return on equity of 29.01%. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $19.23 billion. During the same period last year, the business posted $1.28 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts expect that Intel Co. will post 5.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 7th will be paid a $0.33 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, February 6th. Intel’s payout ratio is presently 25.87%.
Intel announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 24th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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