Acropolis Investment Management LLC lessened its position in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,745 shares of the chip maker’s stock after selling 1,703 shares during the quarter. Acropolis Investment Management LLC’s holdings in Intel were worth $947,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Apeiron RIA LLC acquired a new stake in shares of Intel during the 2nd quarter valued at about $26,000. Steward Financial Group LLC grew its holdings in Intel by 667.0% in the second quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock valued at $29,000 after purchasing an additional 687 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Intel in the second quarter valued at approximately $36,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Intel during the 2nd quarter worth approximately $37,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Intel by 1,352.0% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 1,089 shares of the chip maker’s stock valued at $41,000 after buying an additional 1,014 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.
Wall Street Analysts Forecast Growth
INTC has been the subject of a number of research analyst reports. Northland Securities reduced their price objective on shares of Intel from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, October 10th. Morgan Stanley decreased their price target on shares of Intel from $36.00 to $29.50 and set an “underweight” rating on the stock in a research note on Friday, October 28th. StockNews.com started coverage on Intel in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, October 18th. Finally, The Goldman Sachs Group set a $24.00 price target on Intel in a research report on Tuesday, December 13th. Nine analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.71.
Intel Stock Performance
Shares of Intel stock opened at $26.92 on Friday. The firm has a market cap of $111.10 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Intel Co. has a 52 week low of $24.59 and a 52 week high of $56.28. The business’s fifty day simple moving average is $28.16 and its 200-day simple moving average is $32.59.
Intel (NASDAQ:INTC – Get Rating) last posted its earnings results on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. Intel had a net margin of 19.13% and a return on equity of 11.67%. The company had revenue of $15.34 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Equities analysts forecast that Intel Co. will post 1.95 earnings per share for the current year.
Insider Transactions at Intel
In related news, CEO Patrick P. Gelsinger bought 8,830 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the acquisition, the chief executive officer now 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 other Intel news, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction dated Friday, November 4th. The stock was acquired at an average price of $27.49 per share, with a total value of $50,966.46. Following the completion of the purchase, the director now owns 2,354 shares in the company, valued at approximately $64,711.46. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the completion of the purchase, the chief executive officer now owns 96,049 shares in the company, valued at $2,704,739.84. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 58,830 shares of company stock worth $1,646,744. 0.02% of the stock is currently owned by insiders.
Intel Company Profile
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.
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