Golub Group LLC Buys 1,529 Shares of Intel Co. (INTC)
Golub Group LLC lifted its stake in Intel Co. (NASDAQ:INTC) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,511 shares of the chip maker’s stock after purchasing an additional 1,529 shares during the period. Golub Group LLC’s holdings in Intel were worth $1,390,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its holdings in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after acquiring an additional 1,233 shares in the last quarter. Winfield Associates Inc. lifted its holdings in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares in the last quarter. Burt Wealth Advisors lifted its holdings in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after acquiring an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co lifted its holdings in Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.
Several research firms have weighed in on INTC. Mizuho reiterated a “buy” rating and set a $47.00 target price on shares of Intel in a report on Tuesday, December 26th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 target price on the stock. in a report on Tuesday, January 2nd. BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Canaccord Genuity lifted their target price on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Barclays reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a report on Monday, November 13th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.77.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. Intel’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. research analysts expect that Intel Co. will post 3.25 EPS for the current year.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’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 sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is owned by company insiders.
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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