Cetera Investment Advisers Buys 5,090 Shares of Intel Corporation (INTC)
Cetera Investment Advisers increased its stake in Intel Corporation (NASDAQ:INTC) by 10.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,705 shares of the chip maker’s stock after acquiring an additional 5,090 shares during the quarter. Cetera Investment Advisers’ holdings in Intel were worth $1,838,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of INTC. Lourd Capital LLC grew its holdings in shares of Intel by 1.1% during the first quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock valued at $328,000 after buying an additional 99 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Intel during the first quarter valued at $822,000. Alerus Financial NA grew its holdings in shares of Intel by 3.5% during the first quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock valued at $2,397,000 after buying an additional 2,238 shares in the last quarter. Vigilant Capital Management LLC grew its holdings in shares of Intel by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in shares of Intel by 0.8% during the first quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock valued at $3,311,000 after buying an additional 706 shares in the last quarter. Institutional investors and hedge funds own 67.69% of the company’s stock.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly 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 1,548,914 shares of company stock valued at $68,196,589 in the last ninety days. Insiders own 0.08% of the company’s stock.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. sell-side analysts expect that Intel Corporation will post 3.25 EPS for the current fiscal year.
A number of research analysts have recently weighed in on INTC shares. Credit Suisse Group reiterated an “outperform” rating on shares of Intel in a report on Thursday, August 31st. Stifel Nicolaus lifted their price target on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, September 6th. BidaskClub cut Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective for the company in a research report on Wednesday, October 11th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.97.
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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