Ieq Capital LLC Has $2.69 Million Stake in Intel Co. (NASDAQ:INTC)

Ieq Capital LLC grew its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 11.1% in the third quarter, Holdings Channel reports. The institutional investor owned 104,261 shares of the chip maker’s stock after purchasing an additional 10,443 shares during the period. Ieq Capital LLC’s holdings in Intel were worth $2,687,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Apeiron RIA LLC acquired a new position in Intel in the second quarter worth about $26,000. Islay Capital Management LLC acquired a new position in shares of Intel in the 3rd quarter worth approximately $26,000. Steward Financial Group LLC lifted its position in shares of Intel by 667.0% during the 2nd quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock worth $29,000 after buying an additional 687 shares during the period. Grayhawk Investment Strategies Inc. acquired a new stake in Intel in the 2nd quarter valued at $36,000. Finally, Lowe Wealth Advisors LLC grew its position in Intel by 46.2% in the third quarter. Lowe Wealth Advisors LLC now owns 1,592 shares of the chip maker’s stock valued at $41,000 after acquiring an additional 503 shares during the period. Institutional investors own 59.48% of the company’s stock.

Insider Activity

In other news, Director Lip Bu Tan acquired 1,854 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the acquisition, the director now owns 2,354 shares in the company, valued at $64,711.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Patrick P. Gelsinger bought 8,830 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the transaction, the chief executive officer now owns 96,049 shares in the company, valued at $2,704,739.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lip Bu Tan purchased 1,854 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was bought at an average price of $27.49 per share, with a total value of $50,966.46. Following the completion of the purchase, the director now owns 2,354 shares of the company’s stock, valued at $64,711.46. The disclosure for this purchase can be found here. Insiders have bought a total of 58,830 shares of company stock worth $1,646,744 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Intel Price Performance

NASDAQ INTC opened at $30.27 on Tuesday. 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 52-week low of $24.59 and a 52-week high of $52.72. The business has a 50 day simple moving average of $28.44 and a 200 day simple moving average of $30.52. The stock has a market cap of $124.92 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.17 and a beta of 0.77.

Intel (NASDAQ:INTCGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.25. The business had revenue of $15.34 billion for the quarter, compared to analyst estimates of $15.49 billion. Intel had a net margin of 19.13% and a return on equity of 11.67%. Analysts anticipate that Intel Co. will post 1.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INTC. Northland Securities decreased their price objective on shares of Intel from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday, October 10th. Bank of America cut their price objective on Intel from $30.00 to $28.00 and set an “underperform” rating for the company in a research report on Friday, October 28th. Sanford C. Bernstein set a $23.00 target price on Intel in a report on Wednesday, January 18th. Summit Insights raised Intel from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of Intel in a report on Tuesday, December 13th. Ten equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.29.

Intel Company Profile

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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