Kistler Tiffany Companies LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 22.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,261 shares of the chip maker’s stock after purchasing an additional 4,275 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Intel were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Acrospire Investment Management LLC grew its holdings in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the last quarter. Winfield Associates Inc. boosted its holdings in Intel by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares in the last quarter. Vigilant Capital Management LLC boosted its holdings in Intel by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares in the last quarter. Burt Wealth Advisors boosted its holdings in Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co boosted its holdings in Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares in the last quarter. 67.54% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction dated 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 sold a total of 1,487,054 shares of company stock worth $65,800,132 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
Several equities analysts have commented on the company. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Friday, September 22nd. Stifel Nicolaus raised their price objective on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Sanford C. Bernstein set a $34.00 price target on Intel and gave the stock a “sell” rating in a research report on Friday, October 27th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price target for the company. in a research report on Tuesday, January 2nd. Finally, Instinet lifted their price target on Intel to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.78.
Intel Co. (NASDAQ INTC) traded down $0.17 during trading hours on Friday, reaching $43.24. The company had a trading volume of 29,906,000 shares, compared to its average volume of 35,030,000. Intel Co. has a one year low of $33.23 and a one year high of $47.64. The stock has a market cap of $202,220.00, a price-to-earnings ratio of 15.17, a PEG ratio of 1.57 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.
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 Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. Intel’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. analysts anticipate that Intel Co. will post 3.25 earnings per share for the current fiscal year.
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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