Yacktman Asset Management LP Has $40.10 Million Stake in Intel Co. (INTC)

Yacktman Asset Management LP lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,053,000 shares of the chip maker’s stock after selling 2,000 shares during the period. Intel makes up about 0.4% of Yacktman Asset Management LP’s portfolio, making the stock its 28th biggest holding. Yacktman Asset Management LP’s holdings in Intel were worth $40,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after acquiring an additional 20,050,088 shares during the period. Capital Research Global Investors increased its position in shares of Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Capital World Investors increased its position in shares of Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Vanguard Group Inc. increased its position in shares of Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Intel by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock valued at $469,232,000 after acquiring an additional 4,029,462 shares during the period. Hedge funds and other institutional investors own 67.56% of the company’s stock.

Several equities analysts recently issued reports on INTC shares. Canaccord Genuity upped their target price on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 target price on Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Oppenheimer reissued a “hold” rating on shares of Intel in a research report on Thursday, January 4th. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 target price on the stock. in a research report on Wednesday. Finally, Sanford C. Bernstein set a $34.00 target price on Intel and gave the company a “sell” rating in a research report on Wednesday, January 10th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.77.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,487,054 shares of company stock worth $65,800,132 over the last 90 days. Insiders own 0.08% of the company’s stock.

Shares of Intel Co. (NASDAQ:INTC) opened at $44.82 on Friday. Intel Co. has a 12-month low of $33.23 and a 12-month high of $47.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The company has a market capitalization of $209,757.59, a PE ratio of 15.67, a PEG ratio of 1.62 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period last year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. analysts predict that Intel Co. will post 3.25 earnings per share for the current fiscal year.

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Intel Company Profile

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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