Personal Capital Advisors Corp raised its stake in shares of Intel Co. (NASDAQ:INTC) by 740.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,745 shares of the chip maker’s stock after acquiring an additional 131,043 shares during the quarter. Personal Capital Advisors Corp’s holdings in Intel were worth $5,664,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. Willingdon Wealth Management boosted its stake in Intel by 22.6% during the 1st quarter. Willingdon Wealth Management now owns 103,250 shares of the chip maker’s stock valued at $3,724,000 after acquiring an additional 19,047 shares during the last quarter. Wheatland Advisors Inc. raised its holdings in shares of Intel by 1.0% during the first quarter. Wheatland Advisors Inc. now owns 58,042 shares of the chip maker’s stock worth $2,094,000 after purchasing an additional 602 shares during the period. GFS Advisors LLC raised its holdings in shares of Intel by 9.2% during the first quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after purchasing an additional 9,635 shares during the period. Sfmg LLC raised its holdings in shares of Intel by 24.5% during the first quarter. Sfmg LLC now owns 7,891 shares of the chip maker’s stock worth $285,000 after purchasing an additional 1,553 shares during the period. Finally, Welch Investments LLC raised its holdings in shares of Intel by 5.0% during the first quarter. Welch Investments LLC now owns 112,016 shares of the chip maker’s stock worth $4,040,000 after purchasing an additional 5,364 shares during the period. Hedge funds and other institutional investors own 67.55% of the company’s stock.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock valued at $68,196,589 in the last quarter. 0.08% of the stock is currently owned by insiders.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. Intel’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. analysts expect that Intel Co. will post 3.25 earnings per share for the current year.
A number of analysts have weighed in on the stock. Goldman Sachs Group set a $43.00 target price on shares of Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. Maxim Group increased their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Instinet increased their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity increased their target price on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Barclays reissued a “buy” rating and set a $55.00 target price on shares of Intel in a report on Monday, November 13th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $43.94.
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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