Chicago Equity Partners LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 27.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,945 shares of the chip maker’s stock after selling 26,870 shares during the quarter. Chicago Equity Partners LLC’s holdings in Intel were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 29 shares during the period. Conservest Capital Advisors Inc. raised its position in Intel by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 51 shares during the last quarter. Paradigm Financial Advisors LLC raised its position in Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after purchasing an additional 67 shares during the last quarter. Bank of Stockton raised its position in Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after purchasing an additional 72 shares during the last quarter. Finally, Marathon Capital Management raised its position in Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.
Intel Co. (INTC) opened at $43.24 on Friday. 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 quick ratio of 1.27 and a current ratio of 1.60. The firm has a market capitalization of $202,360.00, a P/E ratio of 15.17, a P/E/G ratio of 1.62 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating 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 company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue for the quarter 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.
In other Intel news, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares in the company, valued at approximately $11,734,130.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is owned by corporate insiders.
A number of research analysts have commented on the company. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price target for the company in a research report on Wednesday. Sanford C. Bernstein set a $34.00 price target on Intel and gave the company a “sell” rating in a research report on Wednesday. BidaskClub lowered Intel from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $50.00 price target (up previously from $45.00) on shares of Intel in a research report on Friday, October 27th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $43.00 price target (up previously from $39.00) on shares of Intel in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Intel presently has an average rating of “Buy” and an average price target of $44.78.
TRADEMARK VIOLATION WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/13/chicago-equity-partners-llc-has-2-74-million-position-in-intel-co-intc.html.
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).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.