Wilbanks Smith And Thomas Asset Limited Co has invested 0.15% in Intel Corporation (NASDAQ:INTC). Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. S&CO Inc.'s holdings in Intel were worth $6,076,000 at the end of the most recent quarter.
Several other equities analysts have also issued reports on the company. Oaktop Capital Management II L.P. purchased a new stake in shares of Intel during the 2nd quarter worth approximately $1,114,000.
Such a move would hardly be a stretch in a mainstream thin-and-light PC, given the performance of Apple's own iPad Pro family, though it's an open question whether Apple's silicon teams could design top-to-bottom replacements for the Xeon W CPUs and Radeon Pro Vega graphics processors that power the latest iMac Pro.
A report in October a year ago said Apple had designed iPhones and iPads that would not use chips designed by Qualcomm, a company with which Apple has legal disputes ongoing. Swiss National Bank raised its holdings in shares of Intel by 2.9% during the 2nd quarter.
Intel shares fell sharply Monday, down 43.16 to $48.92.
Intel, who earns 5% of their income from Apple's business, but who now appears to be under attack from both sides, has seen their share price dip as much as 9.2% on the news.
By itself, Apple doesn't represent a huge component of Intel's business. Finally, analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock is trading away to its 50-day and 200-day moving averages by 8.28% and 25.20%, respectively. Smithbridge Asset Management Inc who had been investing in Intel Corp Com for a number of months, seems to be bullish on the $243.73 billion market cap company. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. The institutional investor held 81,067 shares of the semiconductors company at the end of 2017Q4, valued at $3.74M, down from 94,372 at the end of the previous reported quarter. Crawford Investment Counsel Inc sold 147,631 shares as the company's stock declined 2.03% with the market. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16.
The short ratio in the company's stock is documented at 2.74 and the short float is around of 2.13%. The disclosure for this sale can be found here. It fall, as 60 investors sold INTC shares while 703 reduced holdings. Its return on investment ratio was 12.40% in the trailing 12 months period. At the same time as, it has debt to equity ratio of 0.39 and similar long term debt to equity ratio was 0.36.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.22. They expect $0.71 earnings per share, up 7.58% or $0.05 from last year's $0.66 per share. Out of 3 Wall Street analysts rating WEX, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold".