Accredited Investors Inc. raised its stake in shares of Intel Co. (NASDAQ:INTC) by 186.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,431 shares of the chip maker’s stock after purchasing an additional 29,563 shares during the period. Intel accounts for about 0.5% of Accredited Investors Inc.’s portfolio, making the stock its 23rd biggest position. Accredited Investors Inc.’s holdings in Intel were worth $1,730,000 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 INTC. Jackson Grant Investment Advisers Inc. grew its stake in shares of Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the last quarter. Conservest Capital Advisors Inc. grew its stake in shares of Intel by 0.6% during the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after buying an additional 51 shares during the last quarter. Paradigm Financial Advisors LLC grew its stake in shares of Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after buying an additional 67 shares during the last quarter. Bank of Stockton grew its stake in Intel by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after purchasing an additional 72 shares in the last quarter. Finally, Marathon Capital Management grew its stake in Intel by 0.7% in the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.
Several brokerages recently issued reports on INTC. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price objective on the stock in a research note on Wednesday. Sanford C. Bernstein set a $34.00 target price on Intel and gave the stock a “sell” rating in a report on Wednesday. BidaskClub lowered Intel from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Co reiterated an “outperform” rating and set a $50.00 price objective (up previously from $45.00) on shares of Intel in a report on Friday, October 27th. Finally, SunTrust Banks reiterated a “hold” rating and set a $43.00 price objective (up previously from $39.00) on shares of Intel in a 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 given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $44.78.
Intel Co. (NASDAQ:INTC) opened at $43.24 on Friday. 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 12 month low of $33.23 and a 12 month high of $47.64. The firm has a market cap of $202,360.00, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06.
Intel (NASDAQ:INTC) last released 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. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $0.80 EPS. sell-side analysts predict that Intel Co. will post 3.25 earnings per share for the current fiscal year.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction that occurred 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 completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the sale, the executive vice president now 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 ninety days, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Corporate insiders own 0.08% of the company’s stock.
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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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