Intel Co. (INTC) Stake Increased by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC grew its stake in Intel Co. (NASDAQ:INTC) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,949 shares of the chip maker’s stock after acquiring an additional 9,626 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Intel were worth $3,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of INTC. Goodman Financial Corp acquired a new position in Intel in the 4th quarter valued at about $102,000. Financial Engines Advisors L.L.C. purchased a new position in shares of Intel in the 3rd quarter valued at about $119,000. Delphi Private Advisors LLC boosted its stake in shares of Intel by 286.1% in the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after buying an additional 2,157 shares during the period. First Dallas Securities Inc. purchased a new position in shares of Intel in the 4th quarter valued at about $144,000. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of Intel in the 3rd quarter valued at about $158,000. 67.01% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Brian M. Krzanich sold 6,746 shares of the firm’s stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $52.52, for a total value of $354,299.92. Following the sale, the chief executive officer now owns 264,084 shares of the company’s stock, valued at approximately $13,869,691.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 3,072 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $52.78, for a total value of $162,140.16. Following the completion of the sale, the chief executive officer now owns 259,683 shares in the company, valued at $13,706,068.74. The disclosure for this sale can be found here. In the last three months, insiders sold 13,192 shares of company stock worth $693,559. Company insiders own 0.03% of the company’s stock.



INTC has been the subject of several recent research reports. Vetr cut Intel from a “buy” rating to a “hold” rating and set a $49.39 price objective for the company. in a research note on Monday, February 26th. Nomura boosted their target price on Intel from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. ValuEngine cut Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Bank of America reaffirmed a “buy” rating and set a $61.00 price target (up previously from $52.00) on shares of Intel in a research report on Thursday, March 8th. Finally, BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.43.

Intel opened at $55.54 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58. Intel Co. has a 52 week low of $33.23 and a 52 week high of $57.60. The company has a market cap of $255.06 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.69 and a beta of 0.95.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. Intel’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. research analysts forecast that Intel Co. will post 3.84 earnings per share for the current fiscal year.

Intel Profile

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.

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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