AMG National Trust Bank Boosts Stake in Intel Co. (INTC)
AMG National Trust Bank increased its position in Intel Co. (NASDAQ:INTC) by 1.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 128,849 shares of the chip maker’s stock after purchasing an additional 2,350 shares during the period. AMG National Trust Bank’s holdings in Intel were worth $4,907,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the period. JFS Wealth Advisors LLC increased its position in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the period. Winfield Associates Inc. increased its position in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the period. Burt Wealth Advisors increased its position in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the period. Finally, Family Capital Trust Co increased its position in Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares during the period. 67.56% of the stock is owned by institutional investors and hedge funds.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction 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 approximately $71,777.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction 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 corporate insiders.
Several equities analysts have issued reports on the company. BidaskClub cut Intel from a “buy” rating to a “hold” rating in a research report on Saturday. Sanford C. Bernstein set a $34.00 target price on Intel and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 target price on the stock in a research report on Wednesday, January 10th. Argus reiterated a “buy” rating and set a $50.00 target price on shares of Intel in a research report on Friday, January 5th. Finally, Nomura reiterated a “buy” rating and set a $50.00 target price on shares of Intel in a research report on Thursday, January 4th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Intel currently has a consensus rating of “Buy” and an average target price of $44.78.
Shares of Intel Co. (INTC) opened at $43.14 on Wednesday. Intel Co. has a 52 week low of $33.23 and a 52 week high of $47.64. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $201,900.00, a P/E ratio of 15.14, a P/E/G ratio of 1.56 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted 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. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the prior year, the company earned $0.80 EPS. Intel’s revenue was up 2.4% on a year-over-year basis. equities analysts forecast 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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