Intel Co. (INTC) Stake Boosted by Accredited Investors Inc.

Accredited Investors Inc. lifted its stake in Intel Co. (NASDAQ:INTC) by 186.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 45,431 shares of the chip maker’s stock after acquiring an additional 29,563 shares during the quarter. Intel accounts for 0.5% of Accredited Investors Inc.’s investment portfolio, making the stock its 23rd largest position. Accredited Investors Inc.’s holdings in Intel were worth $1,730,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of INTC. Good Life Advisors LLC lifted its holdings in shares of Intel by 87.7% in the 1st quarter. Good Life Advisors LLC now owns 10,374 shares of the chip maker’s stock worth $378,000 after acquiring an additional 4,848 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Intel by 69.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock worth $333,000 after acquiring an additional 3,778 shares during the last quarter. Stockman Wealth Management Inc. lifted its holdings in shares of Intel by 2.3% in the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after acquiring an additional 2,903 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Intel by 112.1% in the 1st quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after acquiring an additional 920,285 shares during the last quarter. Finally, Glenview Capital Management LLC acquired a new position in shares of Intel in the 1st quarter worth approximately $177,881,000. Hedge funds and other institutional investors own 67.54% of the company’s stock.

Shares of Intel Co. (INTC) opened at $44.74 on Friday. Intel Co. has a 52-week low of $33.23 and a 52-week high of $47.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The company has a market cap of $210,840.00, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.64 and a beta of 1.06.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. equities research analysts anticipate that Intel Co. will post 3.25 earnings per share for the current year.

Several equities analysts have recently commented on INTC shares. Stifel Nicolaus upped their price objective on shares of Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, September 22nd. Barclays reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a report on Monday, November 13th. Vetr upgraded shares of Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price on the stock in a report on Wednesday, October 11th. Finally, Instinet increased their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.65.

In related 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 transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock worth $65,800,132 over the last ninety days. Insiders own 0.08% of the company’s stock.

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Intel 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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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