New England Professional Planning Group Inc. bought a new position in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,444 shares of the chip maker’s stock, valued at approximately $327,000.
A number of other institutional investors have also recently added to or reduced their stakes in INTC. Schwab Charitable Fund boosted its stake in shares of Intel by 11.1% in the fourth quarter. Schwab Charitable Fund now owns 8,000 shares of the chip maker’s stock worth $479,000 after acquiring an additional 800 shares during the period. Boenning & Scattergood Inc. raised its stake in Intel by 4.8% during the 4th quarter. Boenning & Scattergood Inc. now owns 55,097 shares of the chip maker’s stock valued at $3,298,000 after purchasing an additional 2,512 shares during the period. Calamos Advisors LLC raised its stake in Intel by 38.6% during the 4th quarter. Calamos Advisors LLC now owns 1,079,915 shares of the chip maker’s stock valued at $64,633,000 after purchasing an additional 300,599 shares during the period. Ingalls & Snyder LLC raised its stake in Intel by 1.2% during the 4th quarter. Ingalls & Snyder LLC now owns 144,302 shares of the chip maker’s stock valued at $8,636,000 after purchasing an additional 1,718 shares during the period. Finally, Calamos Wealth Management LLC lifted its holdings in Intel by 125.7% in the 4th quarter. Calamos Wealth Management LLC now owns 18,886 shares of the chip maker’s stock worth $1,130,000 after purchasing an additional 10,519 shares in the last quarter. 65.28% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Northland Securities reaffirmed a “buy” rating and set a $69.00 price objective on shares of Intel in a report on Tuesday, November 5th. ValuEngine raised shares of Intel from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Barclays upped their target price on shares of Intel from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Bank of America raised their target price on shares of Intel from $65.00 to $70.00 and gave the company a “positive” rating in a research note on Monday, December 2nd. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised their target price on shares of Intel from $55.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.66.
In related news, Chairman Andy D. Bryant sold 46,932 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $58.24, for a total value of $2,733,319.68. Following the sale, the chairman now directly owns 425,491 shares of the company’s stock, valued at approximately $24,780,595.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 1,404 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.94, for a total transaction of $78,539.76. Following the completion of the sale, the executive vice president now directly owns 58,168 shares in the company, valued at $3,253,917.92. The disclosure for this sale can be found here. Insiders have sold a total of 81,284 shares of company stock worth $4,517,194 in the last 90 days. 0.02% of the stock is currently owned by insiders.
Shares of NASDAQ INTC opened at $58.94 on Thursday. Intel Co. has a 1-year low of $42.86 and a 1-year high of $60.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. The business’s 50 day moving average is $58.52 and its two-hundred day moving average is $53.05. The stock has a market capitalization of $258.52 billion, a P/E ratio of 12.87, a PEG ratio of 1.68 and a beta of 0.91.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.18. The firm had revenue of $19.19 billion during the quarter, compared to analysts’ expectations of $18.07 billion. Intel had a return on equity of 28.28% and a net margin of 27.46%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, equities research analysts anticipate that Intel Co. will post 4.61 earnings per share for the current fiscal year.
Intel declared that its board has approved a share repurchase plan on Thursday, October 24th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the chip maker to reacquire up to 8.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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