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Hourglass Capital LLC boosted its position in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 488.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,463 shares of the chip maker’s stock after buying an additional 74,250 shares during the period. Hourglass Capital LLC’s holdings in Intel were worth $2,305,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of INTC. Apeiron RIA LLC purchased a new position in Intel during the second quarter worth about $26,000. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Intel in the second quarter valued at about $36,000. Steward Financial Group LLC grew its stake in shares of 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 buying an additional 687 shares in the last quarter. Lumature Wealth Partners LLC grew its stake in shares of Intel by 146.7% in the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after buying an additional 490 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new position in Intel in the third quarter valued at about $26,000. Institutional investors and hedge funds own 59.48% of the company’s stock.
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Analyst Ratings Changes
INTC has been the subject of a number of analyst reports. StockNews.com began coverage on Intel in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wedbush reaffirmed an “underperform” rating on shares of Intel in a report on Monday. Robert W. Baird reduced their target price on Intel from $40.00 to $34.00 in a report on Monday, October 31st. Cowen assumed coverage on Intel in a report on Monday, November 21st. They issued a “market perform” rating and a $31.00 price target on the stock. Finally, Summit Insights raised Intel from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Ten equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.29.
Intel Stock Performance
NASDAQ:INTC traded down $0.19 during mid-day trading on Thursday, hitting $29.51. The stock had a trading volume of 9,957,173 shares, compared to its average volume of 31,669,068. The stock has a market cap of $121.79 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 2.30 and a beta of 0.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.31 and a current ratio of 1.77. Intel Co. has a twelve month low of $24.59 and a twelve month high of $52.51. The company’s 50 day simple moving average is $28.42 and its 200 day simple moving average is $30.45.
Intel (NASDAQ:INTC – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.25. The firm had revenue of $15.34 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Intel had a net margin of 19.13% and a return on equity of 11.67%. On average, equities research analysts forecast that Intel Co. will post 1.96 earnings per share for the current year.
Insider Buying and Selling at Intel
In related news, Director Lip Bu Tan purchased 48,146 shares of the stock in a transaction on Tuesday, November 8th. The shares were purchased at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the acquisition, the director now directly owns 50,500 shares in the company, valued at $1,412,990. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Intel news, Director Lip Bu Tan bought 48,146 shares of the stock in a transaction dated Tuesday, November 8th. The shares were bought at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the completion of the acquisition, the director now owns 50,500 shares of the company’s stock, valued at $1,412,990. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 96,049 shares of the company’s stock, valued at approximately $2,704,739.84. The disclosure for this purchase can be found here. Insiders have purchased a total of 58,830 shares of company stock valued at $1,646,744 in the last three months. 0.02% of the stock is currently owned by company insiders.
About Intel
(Get Rating)
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.
Further Reading
- Get a free copy of the StockNews.com research report on Intel (INTC)
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Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC – Get Rating).
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