Smith Moore & CO. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 7.7% in the fourth quarter, Holdings Channel reports. The fund owned 14,062 shares of the chip maker’s stock after selling 1,168 shares during the quarter. Smith Moore & CO.’s holdings in Intel were worth $660,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of INTC. Oregon Public Employees Retirement Fund lifted its position in Intel by 4,553.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 117,118,039 shares of the chip maker’s stock valued at $2,496,000 after acquiring an additional 114,601,152 shares during the last quarter. Prudential Financial Inc. lifted its position in Intel by 29.2% during the third quarter. Prudential Financial Inc. now owns 13,125,175 shares of the chip maker’s stock valued at $620,690,000 after acquiring an additional 2,968,410 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Intel during the fourth quarter valued at approximately $138,454,000. Vanguard Group Inc lifted its position in Intel by 0.8% during the third quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after acquiring an additional 2,892,357 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Intel by 0.8% during the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after acquiring an additional 2,892,357 shares during the last quarter. 66.03% of the stock is owned by institutional investors.
A number of research firms recently commented on INTC. New Street Research set a $65.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Tuesday, April 16th. Deutsche Bank decreased their price target on shares of Intel from $65.00 to $62.00 and set a “buy” rating for the company in a report on Friday, April 26th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $41.00 price target on shares of Intel in a report on Monday, May 13th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $64.00 price target on shares of Intel in a report on Friday, April 26th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have assigned a buy rating to the stock. Intel presently has an average rating of “Hold” and a consensus price target of $54.17.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.03 billion. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that Intel Co. will post 4.25 earnings per share for the current fiscal year.
In related news, EVP Navin Shenoy sold 1,254 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total transaction of $63,703.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the sale, the executive vice president now owns 48,140 shares in the company, valued at approximately $2,647,700. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,575 shares of company stock valued at $3,926,436. 0.02% of the stock is currently owned by corporate insiders.
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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