REDW Stanley Financial Advisors LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,150 shares of the chip maker’s stock after selling 8,546 shares during the period. Intel accounts for 1.1% of REDW Stanley Financial Advisors LLC’s holdings, making the stock its 15th largest position. REDW Stanley Financial Advisors LLC’s holdings in Intel were worth $1,300,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of INTC. Acrospire Investment Management LLC increased its holdings in shares of Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the period. Family Capital Trust Co increased its holdings in shares of Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares during the period. Winfield Associates Inc. increased its holdings in shares of Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the period. Farmers National Bank increased its holdings in shares of Intel by 5.1% during the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after purchasing an additional 234 shares during the period. Finally, Burt Wealth Advisors increased its holdings in shares of Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after purchasing an additional 3,471 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.
Several research analysts have recently commented on INTC shares. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, September 6th. ValuEngine raised shares of Intel from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price objective on the stock. in a research note on Tuesday, October 3rd. Mizuho reissued a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Intel in a research note on Monday, October 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.94.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $16.15 billion for 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 previous year, the business earned $0.80 earnings per share. equities research analysts expect that Intel Co. will post 3.25 EPS for the current fiscal year.
In other news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,548,914 shares of company stock worth $68,196,589. 0.08% of the stock is owned by company insiders.
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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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