Ingalls & Snyder LLC Has $6.26 Million Stake in Intel Co. (NASDAQ:INTC)

Ingalls & Snyder LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 10.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 164,373 shares of the chip maker’s stock after selling 19,911 shares during the period. Ingalls & Snyder LLC’s holdings in Intel were worth $6,259,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its holdings in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares in the last quarter. Winfield Associates Inc. grew its stake in shares of Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the period. Vigilant Capital Management LLC grew its stake in shares of Intel by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the period. Burt Wealth Advisors grew its stake in shares of Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the period. Finally, Farmers National Bank grew its stake 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 period. 67.54% of the stock is owned by hedge funds and other institutional investors.

Intel Co. (NASDAQ:INTC) traded up $0.91 during trading hours on Thursday, reaching $43.41. The company’s stock had a trading volume of 35,370,000 shares, compared to its average volume of 34,530,000. Intel Co. has a 12-month low of $33.23 and a 12-month 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. The firm has a market cap of $203,160.00, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts forecast that Intel Co. will post 3.25 EPS for the current fiscal year.

INTC has been the topic of several analyst reports. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Friday, September 22nd. Canaccord Genuity upped their price objective on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price objective on Intel and gave the company a “buy” rating in a research note on Thursday, January 4th. Oppenheimer reiterated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. Finally, Sanford C. Bernstein set a $34.00 price objective on Intel and gave the company a “sell” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Intel currently has a consensus rating of “Buy” and an average target price of $44.78.

In other news, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the 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 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. In the last ninety days, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Company 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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