Morse Asset Management Inc Has $6.32 Million Holdings in Intel Co. (INTC)

Morse Asset Management Inc raised its position in shares of Intel Co. (NASDAQ:INTC) by 127.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165,935 shares of the chip maker’s stock after buying an additional 92,985 shares during the quarter. Intel comprises about 1.9% of Morse Asset Management Inc’s investment portfolio, making the stock its 11th largest holding. Morse Asset Management Inc’s holdings in Intel were worth $6,319,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Summit Global Investments raised its position in shares of Intel by 17.3% in the 1st quarter. Summit Global Investments now owns 8,480 shares of the chip maker’s stock valued at $306,000 after purchasing an additional 1,250 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in shares of Intel by 2.9% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 257,939 shares of the chip maker’s stock valued at $9,304,000 after purchasing an additional 7,252 shares during the last quarter. Farmers National Bank raised its position in shares of Intel by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after purchasing an additional 234 shares during the last quarter. BSW Wealth Partners raised its position in shares of Intel by 4.3% in the 1st quarter. BSW Wealth Partners now owns 7,733 shares of the chip maker’s stock valued at $279,000 after purchasing an additional 318 shares during the last quarter. Finally, Bath Savings Trust Co raised its position in shares of Intel by 5.9% in the 2nd quarter. Bath Savings Trust Co now owns 20,255 shares of the chip maker’s stock valued at $684,000 after purchasing an additional 1,122 shares during the last quarter. 67.54% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on INTC shares. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Friday, September 22nd. Stifel Nicolaus increased their price objective 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. 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 Friday, October 27th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective for the company. in a research report on Tuesday, January 2nd. Finally, Instinet increased their price objective on shares of Intel to $50.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Four research 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 company. The stock currently has an average rating of “Buy” and a consensus target price of $44.78.

In other news, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the sale, the executive vice president now owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was 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 have sold a total of 1,487,054 shares of company stock worth $65,800,132 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Shares of Intel Co. (NASDAQ:INTC) opened at $42.50 on Thursday. The company has a market cap of $198,900.00, a P/E ratio of 14.91, a PEG ratio of 1.62 and a beta of 1.06. Intel Co. has a one year low of $33.23 and a one year 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 issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion for 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 revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. research analysts forecast that Intel Co. will post 3.25 earnings per share for the current fiscal year.

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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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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