The Intel Corp. (INTC) Shares Bought by Hosking Partners LLP

The Intel Corp. (INTC) Shares Bought by Hosking Partners LLP

Hosking Partners LLP boosted its stake in shares of Intel Corp. (NASDAQ:INTC) by 13.8% during the third quarter, Holdings Channel reports. The firm owned 564,657 shares of the chip maker’s stock after buying an additional 68,376 shares during the period. Hosking Partners LLP’s holdings in Intel Corp. were worth $21,316,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of INTC. River & Mercantile Asset Management LLP increased its stake in shares of Intel Corp. by 92.7% in the second quarter. River & Mercantile Asset Management LLP now owns 90,011 shares of the chip maker’s stock valued at $2,952,000 after buying an additional 43,300 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the period. iAB Financial Bank increased its stake in shares of Intel Corp. by 1.9% in the second quarter. iAB Financial Bank now owns 60,727 shares of the chip maker’s stock valued at $1,992,000 after buying an additional 1,151 shares during the period. Investment Counsel Inc. increased its stake in shares of Intel Corp. by 9.9% in the second quarter. Investment Counsel Inc. now owns 80,127 shares of the chip maker’s stock valued at $2,628,000 after buying an additional 7,218 shares during the period. Finally, Premier Asset Managment LLC increased its stake in shares of Intel Corp. by 18.3% in the second quarter. Premier Asset Managment LLC now owns 30,685 shares of the chip maker’s stock valued at $1,006,000 after buying an additional 4,750 shares during the period. Institutional investors and hedge funds own 64.83% of the company’s stock.

Shares of Intel Corp. (NASDAQ:INTC) opened at 36.76 on Thursday. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The company has a market cap of $174.21 billion, a price-to-earnings ratio of 17.25 and a beta of 1.06. The stock has a 50 day moving average of $36.23 and a 200-day moving average of $35.71.

Intel Corp. (NASDAQ:INTC) last released its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business earned $15.78 billion during the quarter, compared to the consensus estimate of $15.58 billion. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, analysts forecast that Intel Corp. will post $2.67 EPS for the current year.

Several research firms have weighed in on INTC. B. Riley reiterated a “buy” rating and issued a $45.00 price objective on shares of Intel Corp. in a research note on Wednesday, September 21st. Brean Capital reiterated a “buy” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Intel Corp. in a research note on Thursday, September 22nd. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Monday, September 26th. RBC Capital Markets reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Intel Corp. in a research note on Monday, September 26th. Finally, Vetr upgraded shares of Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $41.44 price objective on the stock in a research note on Monday, September 26th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $39.87.

In other Intel Corp. news, EVP Diane M. Bryant sold 11,607 shares of the stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $34.74, for a total transaction of $403,227.18. Following the completion of the sale, the executive vice president now owns 112,006 shares of the company’s stock, valued at approximately $3,891,088.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 79,051 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total transaction of $2,884,570.99. Following the sale, the chief executive officer now directly owns 394,406 shares of the company’s stock, valued at approximately $14,391,874.94. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Intel Corp. Company Profile

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

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