Princeton Global Asset Management LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 13.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 12,645 shares of the chip maker’s stock after acquiring an additional 1,450 shares during the period. Princeton Global Asset Management LLC’s holdings in Intel were worth $679,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of INTC. Tributary Capital Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $28,000. Virtus ETF Advisers LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $48,000. Stevens First Principles Investment Advisors acquired a new stake in shares of Intel in the fourth quarter valued at about $53,000. Tortoise Investment Management LLC raised its position in shares of Intel by 86.7% in the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after buying an additional 580 shares during the last quarter. Finally, Thor Advisors LLC acquired a new stake in shares of Intel in the first quarter valued at about $72,000. Institutional investors own 65.99% of the company’s stock.
Several research analysts have weighed in on INTC shares. Deutsche Bank lowered their target price on shares of Intel from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $41.00 target price on shares of Intel in a research note on Monday, May 13th. BidaskClub lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Morgan Stanley raised shares of Intel from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $64.00 in a research note on Friday, February 22nd. Finally, BMO Capital Markets lowered shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 target price for the company. in a research note on Thursday, May 9th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $54.17.
In other Intel news, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the sale, the insider now owns 76,855 shares of the company’s stock, valued at $4,011,062.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 611 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $51.00, for a total transaction of $31,161.00. Following the sale, the executive vice president now directly owns 51,619 shares in the company, valued at approximately $2,632,569. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,024 shares of company stock worth $3,461,860. 0.02% of the stock is owned by corporate insiders.
Shares of NASDAQ:INTC opened at $46.19 on Monday. The company has a market capitalization of $206.79 billion, a P/E ratio of 10.09, a PEG ratio of 1.45 and a beta of 0.84. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week 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 issued its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The firm had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. As a group, analysts predict that Intel Co. will post 4.25 earnings per share for the current fiscal year.
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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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