Published: Tue, April 03, 2018
Money | By Wilma Wheeler

Apple May Ditch Intel And Start Using Their Own Chips

Apple May Ditch Intel And Start Using Their Own Chips

(NASDAQ:INTC) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Amf Pensionsforsakring Ab who had been investing in Intel Corp for a number of months, seems to be bullish on the $243.73 billion market cap company. The stock decreased 2.75% or $4.4 during the last trading session, reaching $155.39. About 15.77M shares traded. It has outperformed by 6.18% the S&P500.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th.

As odd as it may sound, Apple, Samsung, Intel, and other companies are bitter rivals, but sell each other components all the time. Intel Corp now has $228.95 billion valuation. The stock increased 1.44% or $1.39 during the last trading session, reaching $97.91. About 27.56 million shares traded. The Intel Corporation has shown a weekly performance of 2.46% and monthly performance stands at 5.66%. It has outperformed by 33.10% the S&P500.

Since October 2, 2017, it had 0 insider buys, and 18 insider sales for $32.56 million activity. Apple provides Intel with about 5 percent of its annual revenue, according to Bloomberg supply chain analysis. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker's stock worth $121,000 after purchasing an additional 1,900 shares during the period. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. Krzanich Brian M had sold 61,860 shares worth $2.40 million.

Intel Co. (NASDAQ:INTC) has been given an average recommendation of "Buy" by the forty-four research firms that are now covering the firm, Marketbeat reports.

Winland Electronics Inc (WEX) investors sentiment decreased to 1.25 in Q4 2017.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Acrospire Investment Management LLC raised its stake in shares of Intel by 111.8% during the 2nd quarter. 23,367 are owned by Amica Retiree Med Tru. Alexandria Capital Ltd Liability holds 78,131 shares. The Company kept a record of 4.65 billion floated shares and 4.81 billion shares outstanding. The California-based Blume Cap has invested 1.78% in Intel Corporation (NASDAQ:INTC). Pettee Investors holds 82,787 shares or 2.32% of its portfolio. Johnson Fin invested in 0.08% or 11,056 shares. Intel makes up approximately 1.5% of Hudson Valley Investment Advisors Inc. Petrus Trust Co Lta reported 1.35% in Intel Corporation (NASDAQ:INTC). Opus Inv Mngmt invested in 1.07% or 129,600 shares. Glenmede Na reported 0.71% stake. Whittier Of Nevada reported 238,900 shares. Cibc World Corp holds 0.57% or 1.71M shares.

Among 28 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 8 have Buy rating, 1 Sell and 19 Hold. Therefore 15% are positive. Intel Corporation had 232 analyst reports since August 7, 2015 according to SRatingsIntel. Morgan Stanley maintained it with "Hold" rating and $3800 target in Wednesday, July 12 report. On Friday, January 26 the stock rating was maintained by Mizuho with "Buy". On Wednesday, October 19 the stock rating was upgraded by Charter Equity to "Buy".

INTC stock opened at $52.08 on Monday. With a return potential of almost 7%, the stock's consensus target price stands at $52.45.

Since January 22, 2018, it had 0 insider purchases, and 3 insider sales for $3.82 million activity. RBC Capital Markets maintained it with "Hold" rating and $46.0 target in Friday, January 26 report. Its down 0.47, from 1.96 in 2017Q3. YOFFIE DAVID B had sold 30,000 shares worth $1.35 million. Granite Invest Ptnrs Limited, a California-based fund reported 71,056 shares. Intll Invsts holds 0.06% or 795,500 shares in its portfolio. Corporate insiders own 0.08% of the company's stock. Doheny Asset Mgmt Ca owns 42,165 shares. Paradigm Fincl Advisors Limited Liability Com reported 92,786 shares stake. Amica Mutual Insurance holds 0.09% or 15,379 shares in its portfolio. (NASDAQ:FB) on Thursday, February 1 with "Hold" rating. Federated Pa owns 12.62 million shares for 0.64% of their portfolio. Windward Cap Ca holds 30,907 shares. Delphi Private Advisors LLC raised its position in shares of Intel by 286.1% in the 4th quarter. Wells Fargo Mn owns 520,877 shares for 0% of their portfolio. Evanson Asset Management accumulated 39,800 shares or 0.15% of the stock.

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