Intel Co. (NASDAQ:INTC) Shares Acquired by Tortoise Investment Management LLC

Tortoise Investment Management LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 227.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,151 shares of the chip maker’s stock after purchasing an additional 3,580 shares during the quarter. Tortoise Investment Management LLC’s holdings in Intel were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INTC. Butensky & Cohen Financial Security Inc. boosted its holdings in Intel by 12.4% during the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 97,399 shares of the chip maker’s stock valued at $2,510,000 after acquiring an additional 10,758 shares during the period. Martin & Co. Inc. TN boosted its holdings in Intel by 1.7% during the 3rd quarter. Martin & Co. Inc. TN now owns 24,335 shares of the chip maker’s stock valued at $627,000 after acquiring an additional 402 shares during the period. AdvisorNet Financial Inc boosted its holdings in Intel by 6.3% during the 3rd quarter. AdvisorNet Financial Inc now owns 40,942 shares of the chip maker’s stock valued at $1,055,000 after acquiring an additional 2,422 shares during the period. Montis Financial LLC purchased a new position in Intel during the 2nd quarter valued at about $202,000. Finally, HBW Advisory Services LLC boosted its holdings in Intel by 15.8% during the 3rd quarter. HBW Advisory Services LLC now owns 35,864 shares of the chip maker’s stock valued at $924,000 after acquiring an additional 4,899 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Down 1.2 %

NASDAQ:INTC opened at $29.92 on Wednesday. The firm has a market cap of $123.48 billion, a P/E ratio of 9.21, a PEG ratio of 2.26 and a beta of 0.77. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $28.42 and its 200-day simple moving average is $30.46. Intel Co. has a 12-month low of $24.59 and a 12-month high of $52.72.

Intel (NASDAQ:INTC – Get Rating) last released its earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.67% and a net margin of 19.13%. Equities analysts anticipate that Intel Co. will post 1.95 EPS for the current year.

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 8,830 shares of the company’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 96,049 shares in the company, valued at approximately $2,704,739.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 8,830 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were purchased at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the completion of the purchase, the chief executive officer now directly owns 96,049 shares in the company, valued at $2,704,739.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lip Bu Tan purchased 48,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average price of $27.98 per share, for a total transaction of $1,347,125.08. Following the completion of the purchase, the director now owns 50,500 shares of the company’s stock, valued at $1,412,990. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 58,830 shares of company stock valued at $1,646,744. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on INTC. Robert W. Baird lowered their target price on Intel from $40.00 to $34.00 in a report on Monday, October 31st. KGI Securities upgraded Intel from an “underperform” rating to a “neutral” rating in a research note on Friday, October 28th. Susquehanna lifted their price objective on Intel from $22.00 to $24.00 and gave the company a “negative” rating in a research note on Monday. JPMorgan Chase & Co. set a $32.00 price objective on Intel in a research note on Tuesday, January 17th. Finally, Stifel Nicolaus decreased their price objective on Intel from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, October 28th. Ten research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.29.

Intel Company Profile

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.