Linscomb & Williams Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,770 shares of the chip maker’s stock after purchasing an additional 5,020 shares during the quarter. Linscomb & Williams Inc.’s holdings in Intel were worth $4,865,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in INTC. Comerica Securities Inc. boosted its stake in Intel by 450.2% in the first quarter. Comerica Securities Inc. now owns 123,464 shares of the chip maker’s stock valued at $4,453,000 after acquiring an additional 101,026 shares during the last quarter. InterOcean Capital LLC lifted its stake in shares of Intel by 2.7% during the 1st quarter. InterOcean Capital LLC now owns 342,196 shares of the chip maker’s stock valued at $12,343,000 after buying an additional 8,939 shares in the last quarter. Hayek Kallen Investment Management lifted its stake in shares of Intel by 0.7% during the 1st quarter. Hayek Kallen Investment Management now owns 130,740 shares of the chip maker’s stock valued at $4,716,000 after buying an additional 952 shares in the last quarter. Good Life Advisors LLC lifted its stake in shares of Intel by 87.7% during the 1st quarter. Good Life Advisors LLC now owns 10,374 shares of the chip maker’s stock valued at $378,000 after buying an additional 4,848 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Intel by 69.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock valued at $333,000 after buying an additional 3,778 shares in the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) opened at $44.43 on Friday. Intel Co. has a 12 month low of $33.23 and a 12 month high of $47.64. The company has a market cap of $207,930.00, a P/E ratio of 15.59, a PEG ratio of 1.70 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 (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. research analysts anticipate that Intel Co. will post 3.25 EPS for the current fiscal year.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s 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 transaction, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stacy J. Smith sold 472,337 shares of Intel stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last three months, insiders sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is currently owned by insiders.
A number of analysts recently commented on INTC shares. Canaccord Genuity restated a “hold” rating and set a $38.00 price target on shares of Intel in a research note on Monday, September 11th. Zacks Investment Research lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Intel in a report on Thursday, September 14th. ValuEngine raised shares of Intel from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a report on Tuesday, October 3rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intel has an average rating of “Buy” and an average target price of $44.46.
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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).
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