Zeke Capital Advisors LLC lifted its position in Intel Co. (NASDAQ:INTC) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 67,679 shares of the chip maker’s stock after acquiring an additional 404 shares during the period. Zeke Capital Advisors LLC’s holdings in Intel were worth $4,051,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comprehensive Portfolio Management LLC raised its holdings in shares of Intel by 1.4% during the 4th quarter. Comprehensive Portfolio Management LLC now owns 16,432 shares of the chip maker’s stock worth $983,000 after acquiring an additional 234 shares during the period. Palisade Asset Management LLC grew its holdings in shares of Intel by 2.6% in the fourth quarter. Palisade Asset Management LLC now owns 151,829 shares of the chip maker’s stock valued at $9,087,000 after purchasing an additional 3,845 shares during the period. Allworth Financial LP increased its position in Intel by 0.7% during the fourth quarter. Allworth Financial LP now owns 119,622 shares of the chip maker’s stock worth $7,159,000 after purchasing an additional 864 shares during the last quarter. Wedbush Securities Inc. raised its stake in Intel by 2.0% during the fourth quarter. Wedbush Securities Inc. now owns 71,908 shares of the chip maker’s stock worth $4,304,000 after purchasing an additional 1,441 shares during the period. Finally, Affiance Financial LLC raised its stake in Intel by 1.7% during the fourth quarter. Affiance Financial LLC now owns 24,539 shares of the chip maker’s stock worth $1,469,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 65.28% of the company’s stock.
Shares of INTC stock traded down $0.23 during trading on Friday, reaching $59.43. The company’s stock had a trading volume of 6,556,601 shares, compared to its average volume of 18,479,041. Intel Co. has a 1-year low of $42.86 and a 1-year high of $60.97. The stock’s 50-day moving average price is $58.55 and its 200 day moving average price is $53.10. The company has a market capitalization of $258.52 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.18. The company had revenue of $19.19 billion during the quarter, compared to analysts’ expectations of $18.07 billion. Intel had a net margin of 27.46% and a return on equity of 28.28%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 EPS. On average, sell-side analysts anticipate that Intel Co. will post 4.61 EPS for the current fiscal year.
Intel declared that its Board of Directors has initiated a stock repurchase plan on Thursday, October 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the chip maker to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Several research firms have recently weighed in on INTC. Citigroup increased their price target on shares of Intel from $53.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday. KeyCorp reiterated a “hold” rating on shares of Intel in a report on Friday, October 25th. JPMorgan Chase & Co. set a $68.00 price objective on Intel and gave the stock an “overweight” rating in a research report on Friday, October 25th. Zacks Investment Research upgraded Intel from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Co raised their target price on Intel from $55.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Intel has an average rating of “Hold” and an average price target of $56.88.
In other Intel news, Chairman Andy D. Bryant sold 46,932 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $58.24, for a total transaction of $2,733,319.68. Following the sale, the chairman now owns 425,491 shares in the company, valued at approximately $24,780,595.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Navin Shenoy sold 1,404 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.94, for a total value of $78,539.76. Following the sale, the executive vice president now owns 58,168 shares in the company, valued at approximately $3,253,917.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,284 shares of company stock worth $4,517,194. Insiders own 0.02% of the company’s stock.
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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