Ironwood Investment Counsel LLC trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 15.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,381 shares of the chip maker’s stock after selling 11,544 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Intel were worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in INTC. Janus Henderson Group PLC grew its position in Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares in the last quarter. Capital Research Global Investors grew its position in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Capital World Investors grew its position in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. grew its position in Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Finally, Glenview Capital Management LLC purchased a new position in Intel during the first quarter valued at approximately $177,881,000. Institutional investors own 67.54% of the company’s stock.
Intel Co. (NASDAQ:INTC) traded down $0.17 during trading hours on Friday, reaching $43.24. 29,934,652 shares of the company traded hands, compared to its average volume of 35,030,000. The firm has a market cap of $202,220.00, a PE ratio of 15.17, a P/E/G ratio of 1.57 and a beta of 1.06. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. research analysts forecast that Intel Co. will post 3.25 EPS for the current fiscal year.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the transaction, the executive vice president now owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. Corporate insiders own 0.08% of the company’s stock.
INTC has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, September 22nd. Canaccord Genuity boosted their price objective on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price objective on shares of Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “hold” rating on shares of Intel in a research report on Thursday, January 4th. Finally, Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the company a “sell” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Intel currently has an average rating of “Buy” and a consensus target price of $44.78.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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