Intel Co. (NASDAQ:INTC) Shares Purchased by Lincoln National Corp

Lincoln National Corp lifted its position in Intel Co. (NASDAQ:INTC – Get Rating) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,873 shares of the chip maker’s stock after purchasing an additional 11,442 shares during the quarter. Lincoln National Corp’s holdings in Intel were worth $2,188,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INTC. Cantor Fitzgerald Investment Advisor L.P increased its position in Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after buying an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC increased its position in Intel by 21.6% during the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after buying an additional 1,056 shares in the last quarter. Fairfield Bush & CO. purchased a new position in Intel during the first quarter worth $142,000. Retirement Income Solutions Inc boosted its holdings in shares of Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after purchasing an additional 307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after purchasing an additional 1,244,247 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 8,830 shares of the company’s stock in a transaction on Monday, October 31st. The shares were purchased 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lip Bu Tan bought 48,146 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were purchased at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the completion of the transaction, the director now directly owns 50,500 shares of the company’s stock, valued at $1,412,990. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the company’s stock in a transaction on Monday, October 31st. The stock was bought at an average cost of $28.16 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders have purchased 58,830 shares of company stock valued at $1,646,744 over the last three months. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Sanford C. Bernstein set a $23.00 price objective on Intel in a report on Wednesday, January 18th. Morgan Stanley decreased their price objective on Intel from $36.00 to $29.50 and set an “underweight” rating on the stock in a report on Friday, October 28th. Roth Capital decreased their price objective on Intel from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, October 28th. StockNews.com began coverage on Intel in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. set a $32.00 target price on Intel in a report on Tuesday, January 17th. Ten investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $32.29.

Intel Stock Performance

INTC stock opened at $30.27 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37. The firm has a market cap of $124.92 billion, a P/E ratio of 9.31, a P/E/G ratio of 2.17 and a beta of 0.77. Intel Co. has a 12-month low of $24.59 and a 12-month high of $52.72. The stock’s 50 day simple moving average is $28.44 and its 200 day simple moving average is $30.52.

Intel (NASDAQ:INTC – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.25. The business had revenue of $15.34 billion for 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 research analysts predict that Intel Co. will post 1.95 EPS for the current year.

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.