Green Square Capital LLC Acquires 32,884 Shares of Intel Co. (INTC)

Green Square Capital LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 19.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 201,313 shares of the chip maker’s stock after acquiring an additional 32,884 shares during the period. Intel makes up 1.4% of Green Square Capital LLC’s portfolio, making the stock its 14th biggest position. Green Square Capital LLC’s holdings in Intel were worth $9,293,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Intel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after buying an additional 397,082 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Intel by 1.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 25,922,946 shares of the chip maker’s stock worth $1,196,451,000 after purchasing an additional 359,143 shares in the last quarter. LSV Asset Management increased its position in shares of Intel by 1.7% during the 4th quarter. LSV Asset Management now owns 24,277,592 shares of the chip maker’s stock worth $1,120,653,000 after purchasing an additional 410,684 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Intel by 14.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock worth $1,116,510,000 after purchasing an additional 3,095,697 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Intel by 47.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock worth $1,094,509,000 after purchasing an additional 7,669,737 shares in the last quarter. Institutional investors own 66.85% of the company’s stock.

In related news, CEO Brian M. Krzanich sold 3,072 shares of Intel stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $52.78, for a total transaction of $162,140.16. Following the transaction, the chief executive officer now owns 259,683 shares of the company’s stock, valued at approximately $13,706,068.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 1,265 shares of Intel stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $52.47, for a total transaction of $66,374.55. Following the transaction, the executive vice president now directly owns 32,022 shares in the company, valued at approximately $1,680,194.34. The disclosure for this sale can be found here. Insiders have sold a total of 13,192 shares of company stock worth $693,559 in the last three months. 0.03% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. B. Riley increased their target price on shares of Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 27th. Stifel Nicolaus increased their target price on shares of Intel from $53.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, April 27th. Bank of America reiterated a “buy” rating and set a $65.00 target price on shares of Intel in a research report on Wednesday, April 18th. Tigress Financial upgraded shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 target price for the company in a research report on Thursday, April 5th. Finally, Cowen assumed coverage on shares of Intel in a research report on Thursday, May 17th. They set a “market perform” rating and a $55.00 target price for the company. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and an average target price of $55.43.

Shares of NASDAQ INTC opened at $55.11 on Monday. The stock has a market capitalization of $257.82 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58. Intel Co. has a 1 year low of $33.23 and a 1 year high of $57.60.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.08 billion. Intel had a net margin of 17.32% and a return on equity of 25.41%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. analysts expect that Intel Co. will post 3.84 EPS for the current year.

Intel Profile

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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