Cacti Asset Management LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 2.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,400 shares of the chip maker’s stock after selling 2,000 shares during the quarter. Cacti Asset Management LLC’s holdings in Intel were worth $2,906,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake 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 buying an additional 20,050,088 shares during the period. Capital Research Global Investors grew its stake 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 buying an additional 10,744,753 shares during the period. Capital World Investors grew its stake 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 buying an additional 10,257,260 shares during the period. Vanguard Group Inc. grew its stake in Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares during the period. Finally, Glenview Capital Management LLC purchased a new stake in Intel during the first quarter worth approximately $177,881,000. Hedge funds and other institutional investors own 67.69% of the company’s stock.
Several equities research analysts have issued reports on the stock. Goldman Sachs Group set a $43.00 price objective on shares of Intel and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. Maxim Group boosted their price objective on shares of Intel to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. They noted that the move was a valuation call. Instinet boosted their price objective on shares of Intel to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Canaccord Genuity boosted their target price on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Barclays reissued a “buy” rating and set a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $43.94.
In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock worth $68,196,589 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
Shares of Intel Co. (INTC) opened at $44.56 on Friday. The stock has a market cap of $202,456.80, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.58 and a beta of 1.06. 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 twelve month low of $33.23 and a twelve month high of $47.30.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. equities analysts predict that Intel Co. will post 3.25 EPS for the current fiscal year.
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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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