MPS Loria Financial Planners LLC acquired a new stake in Intel Co. (NASDAQ:INTC) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,888 shares of the chip maker’s stock, valued at approximately $212,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Frontier Investment Mgmt Co. lifted its holdings in shares of Intel by 0.7% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 559,963 shares of the chip maker’s stock valued at $18,893,000 after buying an additional 3,845 shares during the period. Intl Fcstone Inc. bought a new position in shares of Intel during the 2nd quarter valued at $410,000. M Holdings Securities Inc. lifted its holdings in shares of Intel by 29.0% during the 2nd quarter. M Holdings Securities Inc. now owns 20,188 shares of the chip maker’s stock valued at $681,000 after buying an additional 4,542 shares during the period. Griffin Asset Management Inc. bought a new position in shares of Intel during the 2nd quarter valued at $4,400,000. Finally, Gs Investments Inc. bought a new position in shares of Intel during the 2nd quarter valued at $820,000. 67.69% of the stock is currently owned by institutional investors and hedge funds.
In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the sale, the chairman now owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock valued at $68,196,589 in the last quarter. 0.08% of the stock is currently owned by company insiders.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the prior year, the business posted $0.80 EPS. Intel’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts expect that Intel Co. will post 3.25 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Goldman Sachs Group set a $43.00 price target on Intel and gave the company a “neutral” rating in a report on Tuesday, December 12th. Maxim Group increased their price target on Intel to $50.00 and gave the company a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Rosenblatt Securities reissued a “sell” rating on shares of Intel in a report on Wednesday, August 23rd. Mizuho reissued a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Intel in a report on Monday, October 9th. Finally, B. Riley reissued a “buy” rating and set a $53.00 price target on shares of Intel in a report on Friday, October 27th. Five equities research 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 issued a strong buy rating to the stock. Intel has a consensus rating of “Buy” and an average target price of $43.94.
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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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