Kessler Investment Group LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,562 shares of the chip maker’s stock after acquiring an additional 3,083 shares during the period. Intel comprises approximately 2.2% of Kessler Investment Group LLC’s portfolio, making the stock its 17th largest position. Kessler Investment Group LLC’s holdings in Intel were worth $2,155,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Intel by 17.8% during the 1st quarter. Principal Financial Group Inc. now owns 9,052,102 shares of the chip maker’s stock valued at $471,433,000 after purchasing an additional 1,364,754 shares during the last quarter. Rainier Group Investment Advisory LLC bought a new position in Intel during the 1st quarter worth approximately $363,000. Nvwm LLC grew its position in shares of Intel by 38.5% in the 1st quarter. Nvwm LLC now owns 18,712 shares of the chip maker’s stock worth $915,000 after buying an additional 5,206 shares during the last quarter. Gables Capital Management Inc. bought a new stake in shares of Intel in the 1st quarter worth approximately $824,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Intel by 176.4% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,975 shares of the chip maker’s stock worth $260,000 after buying an additional 3,175 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.
A number of equities research analysts have recently weighed in on INTC shares. Morningstar set a $65.00 price objective on Intel and gave the stock a “buy” rating in a research report on Monday, October 1st. Morgan Stanley lowered Intel from an “equal” rating to a “weight” rating in a research report on Monday, October 1st. Nomura reiterated a “buy” rating and set a $55.00 price objective on shares of Intel in a research note on Wednesday, November 7th. Bank of America raised Intel from a “neutral” rating to a “buy” rating and set a $45.65 price objective for the company in a report on Friday, January 4th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and issued a $44.00 price objective on shares of Intel in a report on Tuesday. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.17.
NASDAQ:INTC opened at $48.93 on Friday. The stock has a market capitalization of $224.61 billion, a P/E ratio of 14.14, a PEG ratio of 1.25 and a beta of 0.85. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. Intel Co. has a 12 month low of $42.04 and a 12 month high of $57.60.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The company had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.11 billion. On average, equities research analysts anticipate that Intel Co. will post 4.53 EPS for the current year.
Intel declared that its board has initiated a share buyback plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the chip maker to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of Intel stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the completion of the transaction, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin Thomas Mcbride sold 6,500 shares of Intel stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the transaction, the vice president now directly owns 14,271 shares in the company, valued at $649,758.63. The disclosure for this sale can be found here. Insiders sold 21,809 shares of company stock worth $1,033,992 over the last quarter. Company insiders own 0.03% of the company’s stock.
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Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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