Paradigm Financial Advisors LLC Buys 67 Shares of Intel Corporation (INTC)
Paradigm Financial Advisors LLC increased its stake in shares of Intel Corporation (NASDAQ:INTC) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,264 shares of the chip maker’s stock after buying an additional 67 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in Intel were worth $886,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Watermark Asset Management Inc. acquired a new stake in shares of Intel during the first quarter worth $113,000. Acrospire Investment Management LLC raised its position in shares of 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 purchasing an additional 1,900 shares during the period. Winfield Associates Inc. raised its position in shares of 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 purchasing an additional 265 shares during the period. Vigilant Capital Management LLC raised its position in 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 during the period. Finally, Burt Wealth Advisors raised its position in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after buying an additional 3,471 shares during the period. Hedge funds and other institutional investors own 67.69% of the company’s stock.
In related news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the business’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 value of $3,991,097.60. Following the completion of the sale, the chairman now owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,548,914 shares of company stock valued at $68,196,589. 0.08% of the stock is currently owned by corporate insiders.
INTC has been the topic of several recent analyst reports. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, September 6th. ValuEngine lowered Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised 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 reaffirmed an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Finally, Stifel Nicolaus upped their target price on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.97.
Shares of Intel Corporation (INTC) opened at $43.26 on Friday. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The stock has a market capitalization of $202,460.00, a P/E ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last issued its quarterly earnings data 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. 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 company posted $0.80 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. equities research analysts expect that Intel Corporation will post 3.25 EPS for the current year.
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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