Joel Isaacson & Co. LLC Has $1.20 Million Stake in Intel Co. (INTC)

Joel Isaacson & Co. LLC increased its position in Intel Co. (NASDAQ:INTC) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,992 shares of the chip maker’s stock after buying an additional 1,500 shares during the period. Joel Isaacson & Co. LLC’s holdings in Intel were worth $1,197,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Waters Parkerson & CO. LLC increased its position in Intel by 2.1% during the third quarter. Waters Parkerson & CO. LLC now owns 743,557 shares of the chip maker’s stock worth $28,315,000 after purchasing an additional 15,328 shares during the last quarter. Convergence Investment Partners LLC increased its position in Intel by 6.3% during the third quarter. Convergence Investment Partners LLC now owns 87,610 shares of the chip maker’s stock worth $3,336,000 after purchasing an additional 5,174 shares during the last quarter. ARGI Investment Services LLC increased its position in Intel by 4.4% during the third quarter. ARGI Investment Services LLC now owns 55,297 shares of the chip maker’s stock worth $2,105,000 after purchasing an additional 2,322 shares during the last quarter. Signature Financial Management Inc. increased its position in Intel by 6.5% during the third quarter. Signature Financial Management Inc. now owns 18,202 shares of the chip maker’s stock worth $611,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Northeast Investment Management increased its position in Intel by 6.5% during the third quarter. Northeast Investment Management now owns 69,855 shares of the chip maker’s stock worth $2,660,000 after purchasing an additional 4,293 shares during the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

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INTC has been the subject of several research analyst reports. Raymond James raised shares of Intel from an “underperform” rating to a “market perform” rating in a research report on Monday, March 26th. Nomura upped their price target on shares of Intel from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Vetr raised shares of Intel from a “hold” rating to a “buy” rating and set a $51.19 price target for the company in a research report on Thursday, March 1st. 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, Tigress Financial raised shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 price target for the company in a research report on Thursday, April 5th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $55.78.

In other Intel news, EVP Navin Shenoy sold 1,265 shares of the stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $52.47, for a total transaction of $66,374.55. Following the transaction, the executive vice president now directly owns 32,022 shares in the company, valued at approximately $1,680,194.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 3,072 shares of the stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $52.78, for a total transaction of $162,140.16. Following the transaction, 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. Insiders have sold a total of 13,192 shares of company stock worth $693,559 over the last quarter. 0.03% of the stock is currently owned by insiders.

NASDAQ INTC opened at $52.50 on Friday. Intel Co. has a 12 month low of $33.23 and a 12 month high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58. The firm has a market cap of $244.16 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.59 and a beta of 0.95.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. Intel had a net margin of 17.32% and a return on equity of 25.41%. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. research analysts expect that Intel Co. will post 3.89 EPS 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)