Knuff & Co LLC Sells 1,500 Shares of Intel Co. (NASDAQ:INTC)

Knuff & Co LLC lowered its stake in Intel Co. (NASDAQ:INTCGet Rating) by 5.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,743 shares of the chip maker’s stock after selling 1,500 shares during the quarter. Knuff & Co LLC’s holdings in Intel were worth $663,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Primecap Management Co. CA boosted its holdings in Intel by 12.4% in the second quarter. Primecap Management Co. CA now owns 48,598,246 shares of the chip maker’s stock valued at $1,818,060,000 after acquiring an additional 5,344,285 shares in the last quarter. Legal & General Group Plc raised its position in shares of Intel by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 31,505,367 shares of the chip maker’s stock worth $1,178,619,000 after purchasing an additional 628,215 shares during the last quarter. State Farm Mutual Automobile Insurance Co. raised its position in shares of Intel by 1.9% in the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 26,389,039 shares of the chip maker’s stock worth $987,214,000 after purchasing an additional 485,720 shares during the last quarter. Deutsche Bank AG raised its position in shares of Intel by 11.7% in the 2nd quarter. Deutsche Bank AG now owns 23,573,139 shares of the chip maker’s stock worth $881,871,000 after purchasing an additional 2,473,555 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Intel by 6.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,354,790 shares of the chip maker’s stock worth $1,107,904,000 after purchasing an additional 1,332,635 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INTC. Credit Suisse Group set a $28.00 price target on Intel in a research report on Wednesday, January 11th. Sanford C. Bernstein set a $23.00 price target on Intel in a research report on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $35.00 to $32.00 and set a “hold” rating for the company in a research report on Tuesday, October 18th. Stifel Nicolaus decreased their target price on Intel from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Friday, October 28th. Finally, KGI Securities raised Intel from an “underperform” rating to a “neutral” rating in a research report on Friday, October 28th. Ten equities research 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.29.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 8,830 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were bought at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the acquisition, the chief executive officer now owns 96,049 shares of the company’s stock, valued at approximately $2,704,739.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 8,830 shares of the stock in a transaction on Monday, October 31st. The stock was bought at an average cost of $28.16 per share, with a total value of $248,652.80. Following the transaction, the chief executive officer now directly owns 96,049 shares in the company, valued at $2,704,739.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction on Friday, November 4th. The stock was bought at an average cost of $27.49 per share, with a total value of $50,966.46. Following the completion of the transaction, the director now owns 2,354 shares in the company, valued at $64,711.46. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 58,830 shares of company stock worth $1,646,744. Insiders own 0.02% of the company’s stock.

Intel Stock Performance

Intel stock opened at $29.92 on Wednesday. The company’s 50-day moving average price is $28.42 and its 200-day moving average price is $30.46. Intel Co. has a twelve month low of $24.59 and a twelve month high of $52.72. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The company has a market cap of $123.48 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.77.

Intel (NASDAQ:INTCGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, beating the consensus estimate of $0.34 by $0.25. The company had revenue of $15.34 billion for the quarter, compared to the consensus estimate of $15.49 billion. Intel had a net margin of 19.13% and a return on equity of 11.67%. On average, equities research analysts forecast that Intel Co. will post 1.95 EPS for the current fiscal year.

About Intel

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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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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