BerganKDV Wealth Management LLC grew its position in Intel Co. (NASDAQ:INTC) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,818 shares of the chip maker’s stock after acquiring an additional 2,278 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Intel were worth $1,250,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Murphy Capital Management Inc. boosted its position in shares of Intel by 18.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares during the last quarter. Papp L Roy & Associates boosted its position in shares of Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after purchasing an additional 800 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Intel in the 2nd quarter worth $555,000. United Bank lifted its holdings in Intel by 108.0% during the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after acquiring an additional 22,765 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in Intel by 182.1% during the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after acquiring an additional 9,746 shares in the last quarter. 67.54% of the stock is owned by institutional investors and hedge funds.
Intel Co. (INTC) traded up $0.91 during mid-day trading on Thursday, hitting $43.41. 35,371,519 shares of the stock were exchanged, compared to its average volume of 34,530,000. The company has a market cap of $203,160.00, a PE ratio of 15.23, a PEG ratio of 1.62 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 Co. has a one year low of $33.23 and a one year high of $47.64.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. research analysts forecast that Intel Co. will post 3.25 EPS for the current year.
A number of research firms recently issued reports on INTC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $40.00 target price (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and issued a $50.00 target price on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.78.
In related news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the transaction, the executive vice president now owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $39,323,708.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is owned by insiders.
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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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