CFO4Life Group LLC lifted its position in Intel Co. (NASDAQ:INTC) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,427 shares of the chip maker’s stock after purchasing an additional 1,197 shares during the quarter. CFO4Life Group LLC’s holdings in Intel were worth $1,439,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quad Cities Investment Group LLC acquired a new stake in Intel during the 2nd quarter worth approximately $107,000. WP Advisors LLC acquired a new stake in Intel during the 2nd quarter worth approximately $137,000. Arlington Partners LLC acquired a new stake in Intel during the 3rd quarter worth approximately $151,000. Cerebellum GP LLC acquired a new stake in Intel during the 3rd quarter worth approximately $188,000. Finally, Carlson Capital Management acquired a new stake in Intel during the 2nd quarter worth approximately $209,000. 64.25% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Robert Holmes Swan acquired 5,117 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was purchased at an average cost of $48.30 per share, with a total value of $247,151.10. Following the purchase, the chief executive officer now directly owns 131,839 shares of the company’s stock, valued at approximately $6,367,823.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total value of $295,945.00. Following the completion of the transaction, the vice president now directly owns 14,271 shares of the company’s stock, valued at $649,758.63. The disclosure for this sale can be found here. Insiders sold a total of 21,809 shares of company stock valued at $1,033,992 over the last ninety days. 0.03% of the stock is currently owned by company insiders.
A number of analysts have weighed in on the company. Citigroup increased their price objective on Intel from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday. BidaskClub cut Intel from a “buy” rating to a “hold” rating in a research report on Thursday. Goldman Sachs Group reaffirmed a “sell” rating and set a $44.00 price objective on shares of Intel in a research report on Tuesday, January 8th. Bank of America raised Intel from a “neutral” rating to a “buy” rating and set a $45.65 price objective for the company in a research report on Friday, January 4th. Finally, Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $55.17.
NASDAQ INTC opened at $48.93 on Monday. Intel Co. has a 1-year low of $42.04 and a 1-year high of $57.60. The company has a market capitalization of $224.61 billion, a P/E ratio of 14.14, a PEG ratio of 1.25 and a beta of 0.85. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The firm had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.11 billion. On average, equities research analysts expect that Intel Co. will post 4.53 EPS for the current fiscal year.
Intel declared that its board has authorized a stock repurchase plan on Thursday, November 15th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the chip maker to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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