Mount Vernon Associates Inc. MD increased its position in shares of Intel Co. (NASDAQ:INTC) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,675 shares of the chip maker’s stock after buying an additional 2,000 shares during the period. Intel accounts for approximately 2.9% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 12th biggest position. Mount Vernon Associates Inc. MD’s holdings in Intel were worth $1,777,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Murphy Capital Management Inc. boosted its holdings in shares of Intel by 18.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after buying an additional 4,928 shares during the period. Papp L Roy & Associates boosted its holdings in Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares during the period. Crescent Grove Advisors LLC bought a new stake in Intel in the 2nd quarter valued at $555,000. United Bank boosted its holdings in Intel by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its holdings in Intel by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares during the period. 67.54% of the stock is owned by institutional investors and hedge funds.
Shares of Intel Co. (INTC) opened at $46.08 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The company has a market cap of $218,556.00, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $47.64.
In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares in the company, valued at $4,626,348.26. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,914 shares of company stock worth $68,196,589 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.
A number of analysts have weighed in on INTC shares. Zacks Investment Research downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Credit Suisse Group reissued an “outperform” rating on shares of Intel in a report on Thursday, August 31st. Royal Bank of Canada reissued a “sector perform” rating on shares of Intel in a report on Thursday, August 31st. ValuEngine downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $45.00 price target on shares of Intel in a report on Tuesday, September 5th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $43.94.
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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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