John G Ullman & Associates Inc. Reduces Stake in Intel Co. (INTC)

John G Ullman & Associates Inc. decreased its holdings in Intel Co. (NASDAQ:INTC) by 0.9% during the third quarter, HoldingsChannel.com reports. The firm owned 335,815 shares of the chip maker’s stock after selling 3,138 shares during the period. Intel comprises about 2.5% of John G Ullman & Associates Inc.’s portfolio, making the stock its 12th biggest holding. John G Ullman & Associates Inc. owned approximately 71.76% of Intel worth $12,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of INTC. Janus Henderson Group PLC increased its holdings 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 purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors increased its holdings 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 purchasing an additional 10,744,753 shares during the period. Capital World Investors increased its holdings 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 purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. increased its holdings 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 purchasing an additional 8,087,302 shares during the period. Finally, Parametric Portfolio Associates LLC grew 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. Institutional investors own 67.56% of the company’s stock.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a document filed 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 on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the completion of the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on INTC. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research note on Saturday. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target for the company. in a research note on Wednesday. Sanford C. Bernstein set a $34.00 price target on Intel and gave the company a “sell” rating in a research note on Wednesday, January 10th. Argus reissued a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, January 5th. Finally, Nomura reissued a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Thursday, January 4th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.77.

Shares of Intel Co. (NASDAQ INTC) opened at $44.82 on Friday. Intel Co. has a 12 month low of $33.23 and a 12 month high of $47.64. The firm has a market capitalization of $211,360.00, a price-to-earnings ratio of 15.73, a PEG ratio of 1.61 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.

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

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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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