RFG Advisory Group LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 143.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,538 shares of the chip maker’s stock after purchasing an additional 9,165 shares during the quarter. RFG Advisory Group LLC’s holdings in Intel were worth $619,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Capital World Investors boosted its position in Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Capital Research Global Investors boosted its position in Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP boosted its position in Intel by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock worth $1,707,253,000 after acquiring an additional 177,919 shares during the period. Finally, Parnassus Investments CA boosted its position in Intel by 0.3% during the 3rd quarter. Parnassus Investments CA now owns 25,599,838 shares of the chip maker’s stock worth $974,842,000 after acquiring an additional 70,733 shares during the period. Institutional investors and hedge funds own 67.48% of the company’s stock.
A number of research analysts have issued reports on the company. 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 research report on Friday, October 6th. KeyCorp reiterated a “buy” rating and set a $50.00 price target on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Intel in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $44.77.
In related news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now directly owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were 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. Insiders have sold 1,485,415 shares of company stock worth $65,733,081 over the last three months. 0.08% of the stock is owned by insiders.
Shares of Intel Co. (NASDAQ INTC) opened at $45.75 on Tuesday. The stock has a market capitalization of $209,757.59, a price-to-earnings ratio of 16.00, a PEG ratio of 1.62 and a beta of 1.06. 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 Co. has a 52-week low of $33.23 and a 52-week high of $47.64.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (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 return on equity of 22.65% and a net margin of 22.31%. Intel’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. research analysts anticipate that Intel Co. will post 3.25 EPS 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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