Intel Co. (INTC) Shares Bought by Fulton Bank N.A.
Fulton Bank N.A. lifted its position in Intel Co. (NASDAQ:INTC) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,293 shares of the chip maker’s stock after acquiring an additional 2,094 shares during the period. Fulton Bank N.A.’s holdings in Intel were worth $3,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the last quarter. Winfield Associates Inc. boosted its stake in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the last quarter. Vigilant Capital Management LLC boosted its stake in Intel by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the last quarter. Burt Wealth Advisors boosted its stake in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after buying an additional 3,471 shares during the last quarter. Finally, Farmers National Bank raised its position in Intel by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after purchasing an additional 234 shares during the period. 67.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Co. (NASDAQ INTC) opened at $44.56 on Monday. 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 capitalization of $208,540.81, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.63 and a beta of 1.06. Intel Co. has a 1-year low of $33.23 and a 1-year high of $47.30.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the business earned $0.80 EPS. Intel’s revenue was up 2.4% on a year-over-year basis. research analysts forecast that Intel Co. will post 3.25 earnings per share for the current fiscal year.
In other Intel news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the sale, the chairman now owns 428,789 shares in the company, valued at approximately $19,209,747.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,548,914 shares of company stock worth $68,196,589. 0.08% of the stock is owned by company insiders.
A number of equities research analysts have commented on INTC shares. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 6th. ValuEngine downgraded Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a research report on Thursday, August 24th. Credit Suisse Group restated an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Finally, Stifel Nicolaus lifted their target price on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Intel presently has an average rating of “Buy” and an average price target 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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