Ramsay Stattman Vela & Price Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,276 shares of the chip maker’s stock after selling 1,470 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in Intel were worth $1,473,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of INTC. Goodman Financial Corp acquired a new position in Intel during the fourth quarter worth approximately $102,000. Virtue Capital Management LLC acquired a new position in Intel during the fourth quarter worth approximately $109,000. Delphi Private Advisors LLC grew its stake in Intel by 286.1% during the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after buying an additional 2,157 shares during the period. First Dallas Securities Inc. purchased a new stake in Intel during the fourth quarter worth approximately $144,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Intel during the fourth quarter worth approximately $157,000. 66.85% of the stock is owned by hedge funds and other institutional investors.
Get Intel alerts:INTC has been the subject of several research reports. Wells Fargo & Co reiterated an “outperform” rating and set a $65.00 price objective on shares of Intel in a research note on Friday, April 27th. Bank of America reiterated a “buy” rating and set a $65.00 price objective on shares of Intel in a research note on Wednesday, April 18th. DZ Bank reiterated a “hold” rating and set a $53.00 price objective on shares of Intel in a research note on Wednesday, March 28th. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $54.41 price objective for the company. in a research note on Friday, March 30th. Finally, Macquarie reiterated a “buy” rating and set a $64.00 price objective on shares of Intel in a research note on Friday, May 18th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have issued a buy rating to the company. Intel presently has a consensus rating of “Buy” and an average price target of $55.78.
In other Intel news, EVP Navin Shenoy sold 498 shares of the stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $52.31, for a total transaction of $26,050.38. Following the sale, the executive vice president now directly owns 30,502 shares of the company’s stock, valued at $1,595,559.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 6,746 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $52.52, for a total transaction of $354,299.92. Following the sale, the chief executive officer now directly owns 264,084 shares in the company, valued at $13,869,691.68. The disclosure for this sale can be found here. Insiders have sold 13,192 shares of company stock worth $693,559 over the last three months. 0.03% of the stock is owned by corporate insiders.
Shares of NASDAQ:INTC opened at $52.50 on Friday. The firm has a market cap of $244.16 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. Intel Co. has a 1-year low of $33.23 and a 1-year high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.15. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.08 billion. Intel had a net margin of 17.32% and a return on equity of 25.41%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. equities research analysts anticipate that Intel Co. will post 3.99 EPS for the current year.
About Intel
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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