Everence Capital Management Inc. lifted its position in shares of Intel Co. (NASDAQ:INTC) by 5.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,455 shares of the chip maker’s stock after buying an additional 5,160 shares during the quarter. Intel comprises 0.9% of Everence Capital Management Inc.’s holdings, making the stock its 21st biggest position. Everence Capital Management Inc.’s holdings in Intel were worth $4,092,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cidel Asset Management Inc. bought a new stake in shares of Intel during the third quarter worth about $207,000. Barrington Strategic Wealth Management Group LLC grew its holdings in shares of Intel by 12.9% during the third quarter. Barrington Strategic Wealth Management Group LLC now owns 25,045 shares of the chip maker’s stock worth $954,000 after purchasing an additional 2,870 shares during the last quarter. Wilsey Asset Management Inc. grew its holdings in shares of Intel by 13.3% during the third quarter. Wilsey Asset Management Inc. now owns 247,864 shares of the chip maker’s stock worth $9,609,000 after purchasing an additional 29,010 shares during the last quarter. Berkshire Asset Management LLC PA lifted its stake in shares of Intel by 0.6% in the third quarter. Berkshire Asset Management LLC PA now owns 406,802 shares of the chip maker’s stock worth $15,491,000 after acquiring an additional 2,462 shares during the period. Finally, Warren Averett Asset Management LLC lifted its stake in shares of Intel by 5.1% in the third quarter. Warren Averett Asset Management LLC now owns 23,808 shares of the chip maker’s stock worth $907,000 after acquiring an additional 1,152 shares during the period. Institutional investors own 67.56% of the company’s stock.
INTC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a research report on Tuesday, October 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel in a report on Friday, October 6th. Finally, Mizuho reiterated a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Intel in a report on Monday, October 9th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.78.
In other news, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the sale, the executive vice president now directly owns 113,086 shares in the company, valued at approximately $4,626,348.26. The sale was disclosed in a filing with the SEC, which is available 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 value of $39,323,708.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is owned by corporate insiders.
Intel Co. (NASDAQ:INTC) opened at $43.14 on Wednesday. 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 company has a market capitalization of $201,900.00, a PE ratio of 15.14, a PEG ratio of 1.56 and a beta of 1.06. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. 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 prior year, the company earned $0.80 EPS. The company’s revenue was up 2.4% on a year-over-year basis. sell-side analysts anticipate that Intel Co. will post 3.25 earnings per share for the current fiscal year.
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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