EP Wealth Advisors LLC grew its stake in Intel Corporation (NASDAQ:INTC) by 27.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,900 shares of the chip maker’s stock after acquiring an additional 3,638 shares during the quarter. EP Wealth Advisors LLC’s holdings in Intel were worth $570,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Afam Capital Inc. lifted its position in Intel by 3.2% during the second quarter. Afam Capital Inc. now owns 253,321 shares of the chip maker’s stock worth $8,547,000 after buying an additional 7,821 shares during the period. Fort Pitt Capital Group LLC lifted its position in Intel by 8.4% during the second quarter. Fort Pitt Capital Group LLC now owns 704,577 shares of the chip maker’s stock worth $23,772,000 after buying an additional 54,389 shares during the period. Public Employees Retirement System of Ohio lifted its position in Intel by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 3,456,142 shares of the chip maker’s stock worth $116,610,000 after buying an additional 9,165 shares during the period. Cullen Capital Management LLC lifted its position in Intel by 2.2% during the second quarter. Cullen Capital Management LLC now owns 1,674,135 shares of the chip maker’s stock worth $56,485,000 after buying an additional 35,730 shares during the period. Finally, Strategic Wealth Advisors Group LLC lifted its position in Intel by 1,527.3% during the second quarter. Strategic Wealth Advisors Group LLC now owns 130,381 shares of the chip maker’s stock worth $4,399,000 after buying an additional 122,369 shares during the period. Institutional investors and hedge funds own 67.69% of the company’s stock.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The sale 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 firm’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 value of $39,323,708.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,548,914 shares of company stock valued at $68,196,589. Insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) opened at $43.34 on Thursday. 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 Corporation has a 12 month low of $33.23 and a 12 month high of $47.30. The stock has a market capitalization of $202,784.41, a PE ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted 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 return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts expect that Intel Corporation will post 3.25 EPS for the current year.
Several research firms recently weighed in on INTC. Goldman Sachs Group set a $43.00 target price on Intel and gave the stock a “neutral” rating in a research report on Tuesday. Maxim Group increased their target price on Intel to $50.00 and gave the stock a “buy” rating in a research report on Monday. They noted that the move was a valuation call. Instinet increased their target price on Intel to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Canaccord Genuity increased their target price on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Barclays reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Intel presently has an average rating of “Buy” and a consensus price target of $43.97.
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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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