SFE Investment Counsel Trims Holdings in Intel Co. (INTC)

SFE Investment Counsel cut its stake in Intel Co. (NASDAQ:INTC) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,285 shares of the chip maker’s stock after selling 1,960 shares during the period. Intel makes up approximately 1.2% of SFE Investment Counsel’s holdings, making the stock its 28th biggest position. SFE Investment Counsel’s holdings in Intel were worth $2,867,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors raised its stake in shares of Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Intel by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock valued at $469,232,000 after buying an additional 4,029,462 shares in the last quarter. 67.54% of the stock is owned by hedge funds and other institutional investors.

INTC has been the subject of a number of recent research reports. 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 note 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 for the company in a research report on Friday, September 22nd. Barclays reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a research 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 for the company in a research report on Wednesday, October 11th. Finally, Goldman Sachs Group set a $43.00 target price on shares of Intel and gave the stock a “neutral” rating in a research report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.78.

Shares of Intel Co. (NASDAQ INTC) opened at $43.24 on Friday. 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 firm has a market cap of $202,363.20, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 firm had revenue of $16.15 billion during 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 company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. equities research analysts forecast that Intel Co. will post 3.25 earnings per share for the current fiscal year.

In other news, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the transaction, the chairman now owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the transaction, the executive vice president now directly owns 113,086 shares in the company, valued at approximately $4,626,348.26. 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 in the last ninety days. Insiders own 0.08% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “SFE Investment Counsel Trims Holdings in Intel Co. (INTC)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2018/01/14/sfe-investment-counsel-trims-holdings-in-intel-co-intc.html.

About Intel

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).

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit