Cambridge Advisors Inc. decreased its stake in Intel Co. (NASDAQ:INTC) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,072 shares of the chip maker’s stock after selling 1,252 shares during the period. Intel makes up 0.8% of Cambridge Advisors Inc.’s portfolio, making the stock its 22nd biggest position. Cambridge Advisors Inc.’s holdings in Intel were worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of INTC. Atria Investments LLC raised its holdings in Intel by 11.7% in the 2nd quarter. Atria Investments LLC now owns 88,062 shares of the chip maker’s stock worth $4,378,000 after purchasing an additional 9,246 shares in the last quarter. Truewealth LLC grew its position in shares of Intel by 35.2% in the 2nd quarter. Truewealth LLC now owns 5,294 shares of the chip maker’s stock worth $263,000 after buying an additional 1,378 shares during the period. TRUE Private Wealth Advisors grew its position in shares of Intel by 11.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 40,650 shares of the chip maker’s stock worth $2,020,000 after buying an additional 4,068 shares during the period. Ronna Sue Cohen grew its position in shares of Intel by 9.0% in the 2nd quarter. Ronna Sue Cohen now owns 109,747 shares of the chip maker’s stock worth $3,703,000 after buying an additional 9,107 shares during the period. Finally, Capital One National Association grew its position in shares of Intel by 13.2% in the 2nd quarter. Capital One National Association now owns 64,096 shares of the chip maker’s stock worth $3,186,000 after buying an additional 7,475 shares during the period. 64.25% of the stock is owned by institutional investors.
Shares of NASDAQ INTC opened at $48.93 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market cap of $224.61 billion, a PE ratio of 14.14, a P/E/G ratio of 1.25 and a beta of 0.85. Intel Co. has a 52-week low of $42.04 and a 52-week high of $57.60.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.25. The firm had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.11 billion. Intel had a net margin of 21.91% and a return on equity of 29.64%. On average, equities research analysts forecast that Intel Co. will post 4.53 earnings per share for the current fiscal year.
Intel announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 15th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Monday, October 29th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $44.00 target price on shares of Intel in a research report on Tuesday. Citigroup reaffirmed a “buy” rating and issued a $54.00 target price (up from $50.00) on shares of Intel in a research report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 target price (down from $60.00) on shares of Intel in a research report on Friday, October 26th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. Intel currently has a consensus rating of “Hold” and a consensus price target of $55.17.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the sale, the executive vice president now owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $295,945.00. Following the sale, the vice president now directly owns 14,271 shares in the company, valued at approximately $649,758.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,809 shares of company stock worth $1,033,992. Insiders own 0.03% of the company’s stock.
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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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