Cambridge Trust Co. trimmed its position in Intel Co. (NASDAQ:INTC) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,439 shares of the chip maker’s stock after selling 2,066 shares during the period. Cambridge Trust Co.’s holdings in Intel were worth $3,672,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of INTC. West Coast Financial LLC increased its position in shares of Intel by 2.9% in the third quarter. West Coast Financial LLC now owns 190,733 shares of the chip maker’s stock valued at $7,263,000 after acquiring an additional 5,454 shares during the last quarter. One Capital Management LLC increased its position in shares of Intel by 1.6% in the third quarter. One Capital Management LLC now owns 77,883 shares of the chip maker’s stock valued at $2,966,000 after acquiring an additional 1,219 shares during the last quarter. Klingenstein Fields & Co. LLC increased its position in shares of Intel by 2,872.5% in the third quarter. Klingenstein Fields & Co. LLC now owns 642,690 shares of the chip maker’s stock valued at $24,473,000 after acquiring an additional 621,069 shares during the last quarter. Parkwood LLC acquired a new stake in shares of Intel in the third quarter valued at about $1,558,000. Finally, First Personal Financial Services increased its position in shares of Intel by 4.8% in the third quarter. First Personal Financial Services now owns 84,374 shares of the chip maker’s stock valued at $3,213,000 after acquiring an additional 3,851 shares during the last quarter. Institutional investors own 67.56% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) opened at $43.24 on Tuesday. The firm has a market capitalization of $202,220.00, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.56 and a beta of 1.06. Intel Co. has a 1-year low of $33.23 and a 1-year high of $47.64. 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 posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. Intel’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. equities analysts anticipate that Intel Co. will post 3.25 EPS for the current fiscal year.
In related news, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the completion of the sale, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold 1,487,054 shares of company stock valued at $65,800,132 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on INTC shares. Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target on the stock. in a research report on Tuesday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. Finally, Mizuho reissued a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Intel in a research report on Monday, October 9th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.78.
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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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