Birmingham Capital Management Co. Inc. AL reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 174,306 shares of the chip maker’s stock after selling 2,480 shares during the period. Intel makes up 2.6% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 12th largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Intel were worth $6,638,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Corundum Group Inc. acquired a new stake in shares of Intel in the 3rd quarter worth $229,000. Hennessy Advisors Inc. acquired a new stake in shares of Intel in the 3rd quarter worth $2,511,000. Doliver Capital Advisors LP acquired a new stake in shares of Intel in the 3rd quarter worth $212,000. Princeton Capital Management Inc. lifted its stake in shares of Intel by 27.2% in the 3rd quarter. Princeton Capital Management Inc. now owns 117,527 shares of the chip maker’s stock worth $4,475,000 after acquiring an additional 25,099 shares during the period. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Intel by 6.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 107,184 shares of the chip maker’s stock worth $4,082,000 after acquiring an additional 6,520 shares during the period. 67.56% of the stock is currently owned by institutional investors.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is owned by insiders.
INTC has been the subject of several recent analyst reports. Mizuho restated a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of Intel in a research note on Monday, October 9th. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price for the company. in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Bank of America upgraded shares of Intel from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday, October 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Intel in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.77.
Shares of Intel Co. (NASDAQ:INTC) opened at $44.82 on Monday. The company has a market cap of $209,760.00, a PE ratio of 15.73, a PEG ratio of 1.62 and a beta of 1.06. Intel Co. has a twelve month low of $33.23 and a twelve month high of $47.64. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) 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 firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. Intel’s revenue was up 2.4% compared to the same quarter last year. research analysts predict that Intel Co. will post 3.25 EPS for the current year.
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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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