Rand Wealth LLC Sells 1,496 Shares of Intel Co. (INTC)
Rand Wealth LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 286,272 shares of the chip maker’s stock after selling 1,496 shares during the quarter. Intel comprises 1.3% of Rand Wealth LLC’s holdings, making the stock its 20th biggest position. Rand Wealth LLC’s holdings in Intel were worth $10,901,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in INTC. Jackson Grant Investment Advisers Inc. grew its position in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after buying an additional 29 shares during the period. Conservest Capital Advisors Inc. grew its position in shares of Intel by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after buying an additional 51 shares during the period. Paradigm Financial Advisors LLC grew its position in shares of Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after buying an additional 67 shares during the period. Bank of Stockton grew its position in shares of Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after buying an additional 72 shares during the period. Finally, Marathon Capital Management grew its position in shares of Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after buying an additional 80 shares during the period. 67.55% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. Insiders own 0.08% of the company’s stock.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp restated a “buy” rating and set a $50.00 target price on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Intel in a research report on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $45.00 target price on shares of Intel in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.94.
Intel Co. (NASDAQ INTC) opened at $46.70 on Monday. Intel Co. has a 12-month low of $33.23 and a 12-month high of $47.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The firm has a market capitalization of $218,836.80, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The business’s revenue was up 2.4% on a year-over-year basis. sell-side analysts expect that Intel Co. will post 3.25 earnings per share for the current year.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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