Bellecapital International Ltd. boosted its position in Intel Co. (NASDAQ:INTC – Get Rating) by 78.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,396 shares of the chip maker’s stock after acquiring an additional 12,040 shares during the period. Bellecapital International Ltd.’s holdings in Intel were worth $706,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Butensky & Cohen Financial Security Inc. boosted its holdings in Intel by 12.4% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 97,399 shares of the chip maker’s stock valued at $2,510,000 after acquiring an additional 10,758 shares during the last quarter. Martin & Co. Inc. TN boosted its holdings in Intel by 1.7% during the third quarter. Martin & Co. Inc. TN now owns 24,335 shares of the chip maker’s stock worth $627,000 after buying an additional 402 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Intel by 6.3% during the third quarter. AdvisorNet Financial Inc now owns 40,942 shares of the chip maker’s stock worth $1,055,000 after buying an additional 2,422 shares during the last quarter. Montis Financial LLC bought a new position in Intel during the second quarter worth about $202,000. Finally, HBW Advisory Services LLC boosted its holdings in Intel by 15.8% during the third quarter. HBW Advisory Services LLC now owns 35,864 shares of the chip maker’s stock worth $924,000 after buying an additional 4,899 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on INTC shares. Robert W. Baird reduced their target price on Intel from $40.00 to $34.00 in a report on Monday, October 31st. Credit Suisse Group set a $28.00 target price on Intel in a report on Wednesday, January 11th. Summit Insights upgraded Intel from a “hold” rating to a “buy” rating in a report on Friday, October 28th. JPMorgan Chase & Co. set a $32.00 price target on Intel in a research report on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, October 18th. Ten investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.29.
Intel Stock Down 1.1 %
Intel (NASDAQ:INTC – Get Rating) last issued its earnings results on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.34 by $0.25. Intel had a return on equity of 11.67% and a net margin of 19.13%. The company had revenue of $15.34 billion during the quarter, compared to the consensus estimate of $15.49 billion. As a group, research analysts anticipate that Intel Co. will post 1.95 earnings per share for the current fiscal year.
Insider Transactions at Intel
In other Intel news, Director Lip Bu Tan bought 1,854 shares of Intel stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the purchase, the director now owns 2,354 shares of the company’s stock, valued at approximately $64,711.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Lip Bu Tan purchased 1,854 shares of Intel stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the purchase, the director now directly owns 2,354 shares of the company’s stock, valued at approximately $64,711.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger purchased 8,830 shares of Intel stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the purchase, the chief executive officer now directly owns 96,049 shares in the company, valued at $2,704,739.84. The disclosure for this purchase can be found here. In the last three months, insiders acquired 58,830 shares of company stock worth $1,646,744. 0.02% of the stock is owned by company insiders.
Intel Company Profile
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.
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