Intel (INTC) Shares Sold by Honeywell International Inc.

Honeywell International Inc. lowered its stake in Intel (NASDAQ:INTC) by 17.8% in the 4th quarter, HoldingsChannel reports. The fund owned 576,000 shares of the chip maker’s stock after selling 124,500 shares during the quarter. Honeywell International Inc.’s holdings in Intel were worth $26,588,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Dynamic Advisors Solutions LLC grew its position in Intel by 133.8% in the 4th quarter. Dynamic Advisors Solutions LLC now owns 76,085 shares of the chip maker’s stock valued at $3,512,000 after purchasing an additional 43,542 shares during the period. Baird Financial Group Inc. grew its position in Intel by 1.1% in the 4th quarter. Baird Financial Group Inc. now owns 1,816,246 shares of the chip maker’s stock valued at $83,838,000 after purchasing an additional 19,341 shares during the period. Smith Moore & CO. grew its position in Intel by 17.9% in the 4th quarter. Smith Moore & CO. now owns 12,014 shares of the chip maker’s stock valued at $555,000 after purchasing an additional 1,828 shares during the period. Norinchukin Bank The grew its position in Intel by 13.7% in the 4th quarter. Norinchukin Bank The now owns 708,117 shares of the chip maker’s stock valued at $32,687,000 after purchasing an additional 85,156 shares during the period. Finally, Destination Wealth Management grew its position in Intel by 18.5% in the 4th quarter. Destination Wealth Management now owns 16,050 shares of the chip maker’s stock valued at $741,000 after purchasing an additional 2,504 shares during the period. Institutional investors own 67.02% of the company’s stock.

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In other news, EVP Navin Shenoy sold 498 shares of the company’s stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $52.31, for a total transaction of $26,050.38. Following the sale, the executive vice president now directly owns 30,502 shares in the company, valued at $1,595,559.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian M. Krzanich sold 6,746 shares of the company’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $52.52, for a total value of $354,299.92. Following the sale, the chief executive officer now owns 264,084 shares in the company, valued at $13,869,691.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,615 shares of company stock worth $4,753,757. Company insiders own 0.03% of the company’s stock.

Several research firms recently issued reports on INTC. B. Riley lifted their price target on shares of Intel from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 27th. Stifel Nicolaus lifted their price target on shares of Intel from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, April 27th. Bank of America reissued a “buy” rating and issued a $65.00 price target on shares of Intel in a research report on Wednesday, April 18th. Tigress Financial raised shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 price target for the company in a research report on Thursday, April 5th. Finally, Cowen started coverage on shares of Intel in a report on Thursday, May 17th. They set a “market perform” rating and a $55.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $55.43.

Shares of Intel opened at $55.21 on Thursday, MarketBeat reports. Intel has a 52-week low of $33.23 and a 52-week high of $55.79. The stock has a market capitalization of $254.73 billion, a P/E ratio of 15.96, a PEG ratio of 1.68 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. Intel had a return on equity of 25.41% and a net margin of 17.32%. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. sell-side analysts forecast that Intel will post 3.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is presently 34.68%.

About Intel

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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