Intel Co. (INTC) Holdings Reduced by Sapphire Star Partners LP
Sapphire Star Partners LP decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,908 shares of the chip maker’s stock after selling 19,900 shares during the period. Intel makes up 4.8% of Sapphire Star Partners LP’s portfolio, making the stock its 5th biggest position. Sapphire Star Partners LP’s holdings in Intel were worth $3,728,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Acrospire Investment Management LLC boosted its position in shares of Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares in the last quarter. Winfield Associates Inc. boosted its position in shares of Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares in the last quarter. Burt Wealth Advisors boosted its position in shares of Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co boosted its position in shares of Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares in the last quarter. 67.54% of the stock is currently owned by hedge funds and other institutional investors.
INTC has been the subject of several research reports. Mizuho restated a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Intel in a research report on Monday, October 9th. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Intel in a research report on Friday, October 27th. Stifel Nicolaus raised their price objective on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Friday, September 22nd. Finally, Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price for the company. in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.78.
Shares of Intel Co. (INTC) opened at $43.24 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The stock has a market cap of $202,360.00, a P/E ratio of 15.17, a PEG ratio of 1.62 and a beta of 1.06. Intel Co. has a 52-week low of $33.23 and a 52-week high of $47.64.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. research analysts anticipate that Intel Co. will post 3.25 EPS for the current fiscal year.
In related news, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Insiders own 0.08% of the company’s stock.
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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