Amussen Hunsaker Associates LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 38.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,750 shares of the chip maker’s stock after selling 3,000 shares during the period. Amussen Hunsaker Associates LLC’s holdings in Intel were worth $242,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of INTC. HC Financial Advisors Inc. increased its stake in shares of Intel by 9.5% in the 3rd quarter. HC Financial Advisors Inc. now owns 25,496 shares of the chip maker’s stock valued at $1,206,000 after purchasing an additional 2,206 shares during the last quarter. Associated Banc Corp increased its stake in shares of Intel by 18.2% in the 3rd quarter. Associated Banc Corp now owns 422,083 shares of the chip maker’s stock valued at $19,960,000 after purchasing an additional 65,004 shares during the last quarter. Highstreet Asset Management Inc. increased its stake in shares of Intel by 29.9% in the 3rd quarter. Highstreet Asset Management Inc. now owns 39,159 shares of the chip maker’s stock valued at $1,852,000 after purchasing an additional 9,023 shares during the last quarter. First Interstate Bank increased its stake in shares of Intel by 3.9% in the 3rd quarter. First Interstate Bank now owns 29,915 shares of the chip maker’s stock valued at $1,415,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Intel by 6.6% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 471,140 shares of the chip maker’s stock valued at $22,280,000 after purchasing an additional 29,029 shares during the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.
Several brokerages have recently issued reports on INTC. New Street Research set a $65.00 price target on Intel and gave the company a “buy” rating in a research note on Tuesday, April 16th. Mizuho reiterated a “buy” rating on shares of Intel in a research note on Friday, April 26th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 price target on shares of Intel in a research note on Friday, April 26th. SunTrust Banks lifted their price target on Intel to $56.00 and gave the company a “buy” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co lowered Intel from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $55.00 to $60.00 in a research note on Friday, April 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and an average price target of $54.17.
Shares of INTC opened at $46.19 on Friday. The stock has a market cap of $206.79 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 1.45 and a beta of 0.84. Intel Co. has a 12 month low of $42.36 and a 12 month high of $59.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. On average, equities research analysts forecast that Intel Co. will post 4.25 EPS for the current year.
In other news, EVP Steven Ralph Rodgers sold 25,170 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the transaction, the executive vice president now directly owns 48,140 shares of the company’s stock, valued at $2,647,700. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 611 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $51.00, for a total value of $31,161.00. Following the completion of the transaction, the executive vice president now directly owns 51,619 shares of the company’s stock, valued at $2,632,569. The disclosure for this sale can be found here. Insiders have sold a total of 73,575 shares of company stock valued at $3,926,436 over the last three months. Corporate insiders own 0.02% of the company’s stock.
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Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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