Ieq Capital LLC Boosts Stake in Intel Co. (NASDAQ:INTC)

Ieq Capital LLC raised its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,261 shares of the chip maker’s stock after purchasing an additional 10,443 shares during the quarter. Ieq Capital LLC’s holdings in Intel were worth $2,687,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Caerus Investment Advisors LLC raised its holdings in Intel by 11.1% during the third quarter. Caerus Investment Advisors LLC now owns 15,032 shares of the chip maker’s stock worth $387,000 after purchasing an additional 1,504 shares during the last quarter. Wulff Hansen & CO. lifted its position in Intel by 14.2% during the third quarter. Wulff Hansen & CO. now owns 24,992 shares of the chip maker’s stock valued at $644,000 after buying an additional 3,110 shares in the last quarter. Maj Invest Holding A S lifted its holdings in shares of Intel by 11.0% during the 3rd quarter. Maj Invest Holding A S now owns 5,556,433 shares of the chip maker’s stock valued at $143,189,000 after acquiring an additional 550,610 shares in the last quarter. Oak Harbor Wealth Partners LLC boosted its position in shares of Intel by 2.5% in the third quarter. Oak Harbor Wealth Partners LLC now owns 20,035 shares of the chip maker’s stock worth $516,000 after buying an additional 495 shares during the period. Finally, Salomon & Ludwin LLC boosted its holdings in Intel by 56.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 14,163 shares of the chip maker’s stock worth $365,000 after acquiring an additional 5,090 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Insiders Place Their Bets

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

Intel Price Performance

Shares of NASDAQ:INTC opened at $30.27 on Tuesday. The company has a market capitalization of $124.92 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.31 and a current ratio of 1.77. The stock has a fifty day moving average of $28.44 and a 200-day moving average of $30.52. Intel Co. has a one year low of $24.59 and a one year high of $52.72.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. The business had revenue of $15.34 billion during the quarter, compared to analyst estimates of $15.49 billion. Intel had a return on equity of 11.67% and a net margin of 19.13%. As a group, equities analysts anticipate that Intel Co. will post 1.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on INTC shares. The Goldman Sachs Group set a $24.00 price objective on Intel in a report on Tuesday, December 13th. Cowen started coverage on Intel in a research note on Monday, November 21st. They issued a “market perform” rating and a $31.00 price target for the company. KGI Securities upgraded Intel from an “underperform” rating to a “neutral” rating in a research note on Friday, October 28th. StockNews.com began coverage on shares of Intel in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of Intel from $45.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 11th. Ten research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.29.

Intel Company Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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