Intel Co. (INTC) is Accurate Investment Solutions Inc.’s 6th Largest Position

Accurate Investment Solutions Inc. raised its position in Intel Co. (NASDAQ:INTC) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,851 shares of the chip maker’s stock after acquiring an additional 2,414 shares during the quarter. Intel makes up about 3.0% of Accurate Investment Solutions Inc.’s investment portfolio, making the stock its 6th largest holding. Accurate Investment Solutions Inc.’s holdings in Intel were worth $3,993,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allegis Investment Advisors LLC lifted its stake in shares of Intel by 17.5% during the 1st quarter. Allegis Investment Advisors LLC now owns 56,483 shares of the chip maker’s stock worth $2,037,000 after buying an additional 8,427 shares during the last quarter. RB Capital Management LLC lifted its stake in shares of Intel by 0.7% during the 1st quarter. RB Capital Management LLC now owns 23,809 shares of the chip maker’s stock worth $859,000 after buying an additional 162 shares during the last quarter. Investment Partners Ltd. OH ADV lifted its stake in shares of Intel by 3.0% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 19,482 shares of the chip maker’s stock worth $703,000 after buying an additional 566 shares during the last quarter. Thomaspartners Inc. increased its position in Intel by 8.3% during the first quarter. Thomaspartners Inc. now owns 5,396,337 shares of the chip maker’s stock worth $194,646,000 after acquiring an additional 415,504 shares during the period. Finally, Financial Advisory Service Inc. increased its position in Intel by 2.7% during the first quarter. Financial Advisory Service Inc. now owns 42,814 shares of the chip maker’s stock worth $1,544,000 after acquiring an additional 1,110 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.

Shares of Intel Co. (NASDAQ INTC) opened at $46.16 on Friday. Intel Co. has a one year low of $33.23 and a one year high of $47.64. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The firm has a market cap of $216,309.61, a P/E ratio of 16.14, a PEG ratio of 1.69 and a beta of 1.06.

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

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 filing with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,548,914 shares of company stock worth $68,196,589. 0.08% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Mizuho reaffirmed a “buy” rating and set a $47.00 price target on shares of Intel in a research report on Tuesday. Goldman Sachs Group set a $43.00 price target on shares of Intel and gave the stock a “neutral” rating in a research report on Tuesday, December 12th. Maxim Group raised their price target on shares of Intel to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. They noted that the move was a valuation call. Finally, Instinet raised their price target on shares of Intel to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.94.

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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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