Good Life Advisors LLC Raises Holdings in Intel Co. (INTC)
Good Life Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,266 shares of the chip maker’s stock after purchasing an additional 1,839 shares during the quarter. Good Life Advisors LLC’s holdings in Intel were worth $532,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Bank of the Ozarks grew its holdings in shares of Intel by 4.8% during the third quarter. Bank of the Ozarks now owns 66,527 shares of the chip maker’s stock worth $2,534,000 after buying an additional 3,026 shares during the last quarter. Parnassus Investments CA grew its holdings in shares of Intel by 0.3% during the third quarter. Parnassus Investments CA now owns 25,599,838 shares of the chip maker’s stock worth $974,842,000 after buying an additional 70,733 shares during the last quarter. Norris Perne & French LLP MI grew its holdings in shares of Intel by 18.1% during the third quarter. Norris Perne & French LLP MI now owns 10,149 shares of the chip maker’s stock worth $386,000 after buying an additional 1,556 shares during the last quarter. Nwam LLC grew its holdings in shares of Intel by 11.7% during the third quarter. Nwam LLC now owns 51,276 shares of the chip maker’s stock worth $1,953,000 after buying an additional 5,380 shares during the last quarter. Finally, Ken Stern & Associates Inc. grew its holdings in shares of Intel by 8.7% during the third quarter. Ken Stern & Associates Inc. now owns 17,480 shares of the chip maker’s stock worth $670,000 after buying an additional 1,400 shares during the last quarter. 67.54% of the stock is currently owned by institutional investors.
In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the sale, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock valued at $65,800,132 over the last ninety days. 0.08% of the stock is owned by corporate insiders.
A number of equities analysts recently issued reports on the company. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price target on the stock in a report on Wednesday, January 10th. Argus reissued a “buy” rating and set a $50.00 price target on shares of Intel in a report on Friday, January 5th. BidaskClub lowered Intel from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. set a $53.00 price target on Intel and gave the stock a “buy” rating in a report on Thursday, January 4th. Finally, B. Riley reissued a “buy” rating and set a $53.00 price target on shares of Intel in a report on Thursday, January 4th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.78.
Shares of Intel Co. (NASDAQ INTC) opened at $43.24 on Monday. The company has a market cap of $202,220.00, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. 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 Co. has a 12 month low of $33.23 and a 12 month high of $47.64.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. Intel’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. equities analysts anticipate that Intel Co. will post 3.25 earnings per share for the current fiscal year.
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Intel Company Profile
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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