Bremer Trust National Association lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 11.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,799 shares of the chip maker’s stock after selling 12,424 shares during the period. Intel comprises about 1.0% of Bremer Trust National Association’s holdings, making the stock its 17th biggest position. Bremer Trust National Association’s holdings in Intel were worth $3,648,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. Janus Henderson Group PLC boosted its position in Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors boosted its position in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares during the period. Capital World Investors boosted its position in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. boosted its position in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Finally, Glenview Capital Management LLC bought a new position in shares of Intel in the first quarter valued at approximately $177,881,000. Institutional investors and hedge funds own 67.54% of the company’s stock.
In other news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. In the last three months, insiders sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is owned by insiders.
A number of research firms have recently commented on INTC. Mizuho restated a “buy” rating and issued a $47.00 price objective on shares of Intel in a research report on Tuesday, December 26th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective for the company. in a research report on Tuesday, January 2nd. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity raised their price objective on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Finally, Barclays restated a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Monday, November 13th. Four investment 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $44.78.
Intel Co. (NASDAQ INTC) opened at $42.50 on Thursday. Intel Co. has a 52-week low of $33.23 and a 52-week high of $47.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market capitalization of $198,900.00, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 in the previous year, the firm earned $0.80 EPS. Intel’s revenue was up 2.4% on a year-over-year basis. equities analysts forecast that Intel Co. will post 3.25 earnings per share 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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