Northwest Investment Counselors LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,999 shares of the chip maker’s stock after buying an additional 1,379 shares during the period. Northwest Investment Counselors LLC’s holdings in Intel were worth $2,018,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Gotham Asset Management LLC raised its stake in Intel by 112.1% in the 1st quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after purchasing an additional 920,285 shares in the last quarter. Glenview Capital Management LLC acquired a new stake in Intel in the 1st quarter worth about $177,881,000. Sensato Investors LLC raised its stake in Intel by 194.2% in the 1st quarter. Sensato Investors LLC now owns 585,100 shares of the chip maker’s stock worth $21,105,000 after purchasing an additional 386,200 shares in the last quarter. Sterneck Capital Management LLC raised its stake in Intel by 171.7% in the 1st quarter. Sterneck Capital Management LLC now owns 28,942 shares of the chip maker’s stock worth $1,044,000 after purchasing an additional 18,290 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Intel in the 1st quarter worth about $346,000. 67.54% of the stock is owned by institutional investors and hedge funds.
In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. 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 three months. Insiders own 0.08% of the company’s stock.
Shares of Intel Co. (NASDAQ INTC) opened at $44.74 on Friday. Intel Co. has a 1-year low of $33.23 and a 1-year high of $47.64. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The firm has a market cap of $209,380.00, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.61 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts predict that Intel Co. will post 3.25 earnings per share for the current fiscal year.
Several analysts have weighed in on INTC shares. Canaccord Genuity reiterated a “hold” rating and issued a $38.00 price objective on shares of Intel in a research note on Monday, September 11th. Zacks Investment Research cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Intel in a research report on Thursday, September 14th. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price for the company. in a research report on Tuesday, October 3rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.65.
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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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