WINTON GROUP Ltd lowered its position in shares of Intel Co. (NASDAQ:INTC) by 9.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,664 shares of the chip maker’s stock after selling 21,030 shares during the quarter. WINTON GROUP Ltd’s holdings in Intel were worth $10,273,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in INTC. Quad Cities Investment Group LLC acquired a new stake in shares of Intel during the 2nd quarter worth about $107,000. WP Advisors LLC acquired a new stake in shares of Intel during the 2nd quarter worth about $137,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Intel during the 1st quarter worth about $191,000. R.M.SINCERBEAUX Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter worth about $208,000. Finally, Carlson Capital Management acquired a new stake in shares of Intel during the 2nd quarter worth about $209,000. Institutional investors and hedge funds own 64.28% of the company’s stock.
In other news, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total value of $295,945.00. Following the transaction, the vice president now owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 4,522 shares of Intel stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $50.00, for a total transaction of $226,100.00. The disclosure for this sale can be found here. Insiders sold a total of 13,257 shares of company stock worth $624,095 in the last ninety days. Insiders own 0.03% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Northland Securities cut shares of Intel from a “market perform” rating to an “under perform” rating in a research report on Tuesday, December 4th. ValuEngine upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. BNP Paribas set a $53.00 price objective on shares of Intel and gave the company a “neutral” rating in a research report on Tuesday, December 4th. UBS Group cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Finally, DZ Bank cut shares of Intel from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Thursday, November 29th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $55.77.
Shares of NASDAQ INTC opened at $48.29 on Friday. The stock has a market capitalization of $223.76 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.51. Intel Co. has a 1 year low of $42.04 and a 1 year high of $57.60.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.25. The company had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. Intel had a net margin of 21.91% and a return on equity of 29.64%. Analysts expect that Intel Co. will post 4.53 EPS for the current year.
Intel declared that its board has authorized a stock repurchase program on Thursday, November 15th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Intel Company Profile
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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