Intel Co. (INTC) Shares Bought by Wilsey Asset Management Inc.
Wilsey Asset Management Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 13.3% in the third quarter, HoldingsChannel reports. The firm owned 247,864 shares of the chip maker’s stock after acquiring an additional 29,010 shares during the period. Intel comprises 6.2% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 7th largest holding. Wilsey Asset Management Inc.’s holdings in Intel were worth $9,609,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Jackson Grant Investment Advisers Inc. raised its stake in Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares in the last quarter. Conservest Capital Advisors Inc. raised its stake in Intel by 0.6% during the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares in the last quarter. Paradigm Financial Advisors LLC raised its stake in Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares in the last quarter. Bank of Stockton raised its stake in Intel by 0.4% during the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares in the last quarter. Finally, Marathon Capital Management raised its stake in Intel by 0.7% during the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.
Intel Co. (INTC) opened at $43.62 on Wednesday. The stock has a market capitalization of $204,140.00, a PE ratio of 15.31, a P/E/G ratio of 1.62 and a beta of 1.06. Intel Co. has a 1-year low of $33.23 and a 1-year high of $47.64. 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 (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, beating the consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. equities analysts forecast that Intel Co. will post 3.25 EPS for the current year.
In other Intel news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now owns 113,086 shares in the company, valued at $4,626,348.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is owned by company insiders.
Several research analysts have issued reports on the company. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price objective for the company in a research note on Wednesday. Argus reiterated a “buy” rating and set a $50.00 price objective on shares of Intel in a research note on Friday, January 5th. Nomura reiterated a “buy” rating and set a $50.00 price objective on shares of Intel in a research note on Thursday, January 4th. B. Riley reiterated a “buy” rating and set a $53.00 price objective on shares of Intel in a research note on Thursday, January 4th. Finally, Oppenheimer reiterated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.78.
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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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