Kidder Stephen W Sells 2,644 Shares of Intel Co. (NASDAQ:INTC)

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Kidder Stephen W decreased its position in Intel Co. (NASDAQ:INTC) by 2.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 116,708 shares of the chip maker’s stock after selling 2,644 shares during the period. Intel accounts for 2.6% of Kidder Stephen W’s holdings, making the stock its 19th biggest position. Kidder Stephen W’s holdings in Intel were worth $6,986,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Tower View Investment Management & Research LLC bought a new stake in Intel in the fourth quarter worth about $31,000. Corbenic Partners LLC purchased a new position in Intel in the fourth quarter valued at about $41,000. Intercontinental Wealth Advisors LLC grew its position in shares of Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after acquiring an additional 450 shares during the period. Lenox Wealth Advisors LLC grew its position in shares of Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after acquiring an additional 540 shares during the period. Finally, Garrett Wealth Advisory Group LLC bought a new position in shares of Intel during the 3rd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 65.28% of the company’s stock.

A number of equities research analysts recently commented on the stock. Northland Securities reaffirmed a “buy” rating and issued a $69.00 price target on shares of Intel in a report on Tuesday, November 5th. Credit Suisse Group reissued an “outperform” rating and set a $65.00 price objective (up from $58.00) on shares of Intel in a report on Friday, October 25th. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on Intel from $47.00 to $48.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Loop Capital set a $50.00 target price on Intel and gave the company a “hold” rating in a research note on Friday, October 18th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a $48.00 price target on shares of Intel in a research report on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.66.

In other news, VP Jennifer Balliet sold 6,833 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.25, for a total transaction of $165,700.25. Also, Director Frank D. Yeary sold 12,545 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $60.35, for a total transaction of $757,090.75. The disclosure for this sale can be found here. Insiders have sold a total of 81,284 shares of company stock worth $4,517,194 in the last ninety days. 0.02% of the stock is currently owned by insiders.

INTC stock opened at $58.94 on Thursday. The stock has a 50-day simple moving average of $58.52 and a two-hundred day simple moving average of $53.05. Intel Co. has a twelve month low of $42.86 and a twelve month high of $60.97. The firm has a market capitalization of $258.52 billion, a PE ratio of 12.87, a PEG ratio of 1.68 and a beta of 0.91. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.32.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The firm had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.07 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post 4.61 EPS for the current fiscal year.

Intel announced that its Board of Directors has initiated a share buyback program on Thursday, October 24th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the chip maker to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

Read More: What is Cost of Goods Sold (COGS)?

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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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