Glenmede Trust Co. NA Has $40.32 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Glenmede Trust Co. NA cut its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 19.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,564,810 shares of the chip maker’s stock after selling 372,538 shares during the period. Glenmede Trust Co. NA’s holdings in Intel were worth $40,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cantor Fitzgerald Investment Advisor L.P raised its position in Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after buying an additional 342,649 shares during the period. Axiom Financial Strategies LLC raised its position in Intel by 21.6% during the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after buying an additional 1,056 shares during the period. Fairfield Bush & CO. acquired a new position in Intel during the first quarter valued at $142,000. Retirement Income Solutions Inc raised its position in Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after buying an additional 307 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after buying an additional 1,244,247 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Intel from $40.00 to $34.00 in a research note on Monday, October 31st. Cowen initiated coverage on Intel in a research note on Monday, November 21st. They issued a “market perform” rating and a $31.00 target price on the stock. KGI Securities upgraded Intel from an “underperform” rating to a “neutral” rating in a research note on Friday, October 28th. Roth Capital lowered their target price on Intel from $40.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, October 28th. Finally, Stifel Nicolaus lowered their target price on Intel from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, October 28th. Ten analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.29.

Intel Price Performance

NASDAQ INTC traded down $0.70 during trading hours on Wednesday, reaching $29.22. 6,386,655 shares of the company’s stock were exchanged, compared to its average volume of 31,658,479. The stock has a market cap of $120.59 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.77. Intel Co. has a one year low of $24.59 and a one year high of $52.72. The firm has a fifty day moving average of $28.42 and a 200-day moving average of $30.46. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, topping 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%. On average, equities research analysts predict that Intel Co. will post 1.95 earnings per share for the current fiscal year.

Insider Buying and Selling

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 acquired at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the transaction, the chief executive officer now directly owns 96,049 shares in the company, valued at $2,704,739.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 acquired at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the transaction, the chief executive officer now directly owns 96,049 shares in the company, valued at $2,704,739.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lip Bu Tan acquired 48,146 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was purchased at an average price of $27.98 per share, for a total transaction of $1,347,125.08. Following the completion of the transaction, the director now directly owns 50,500 shares in the company, valued at approximately $1,412,990. The disclosure for this purchase can be found here. Insiders have acquired a total of 58,830 shares of company stock worth $1,646,744 in the last three months. Insiders own 0.02% of the company’s stock.

Intel 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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