Intel Co. (INTC) Position Lessened by Barry Investment Advisors LLC

Barry Investment Advisors LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,123 shares of the chip maker’s stock after selling 2,926 shares during the period. Intel makes up 3.9% of Barry Investment Advisors LLC’s holdings, making the stock its 10th biggest position. Barry Investment Advisors LLC’s holdings in Intel were worth $10,515,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Everence Capital Management Inc. increased its holdings in Intel by 5.0% in the third quarter. Everence Capital Management Inc. now owns 107,455 shares of the chip maker’s stock valued at $4,092,000 after buying an additional 5,160 shares in the last quarter. Cidel Asset Management Inc. purchased a new position in Intel in the third quarter valued at $207,000. Barrington Strategic Wealth Management Group LLC increased its holdings in Intel by 12.9% in the third quarter. Barrington Strategic Wealth Management Group LLC now owns 25,045 shares of the chip maker’s stock valued at $954,000 after buying an additional 2,870 shares in the last quarter. Wilsey Asset Management Inc. increased its holdings in Intel by 13.3% in the third quarter. Wilsey Asset Management Inc. now owns 247,864 shares of the chip maker’s stock valued at $9,609,000 after buying an additional 29,010 shares in the last quarter. Finally, Berkshire Asset Management LLC PA increased its holdings in Intel by 0.6% in the third quarter. Berkshire Asset Management LLC PA now owns 406,802 shares of the chip maker’s stock valued at $15,491,000 after buying an additional 2,462 shares in the last quarter. 67.54% of the stock is owned by hedge funds and other institutional investors.

Intel Co. (INTC) opened at $43.62 on Wednesday. The firm has a market cap of $204,140.00, a PE ratio of 15.31, a P/E/G ratio of 1.62 and a beta of 1.06. 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 quick ratio of 1.27 and a current ratio of 1.60.

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

Several brokerages have recently issued reports on INTC. 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 research report on Friday, September 22nd. Mizuho reiterated a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of Intel in a research report on Monday, October 9th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and an average target price of $44.78.

In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated 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 quarter. 0.08% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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