Whalerock Point Partners LLC Grows Stake in Intel Co. (INTC)

Whalerock Point Partners LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 31.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,240 shares of the chip maker’s stock after acquiring an additional 6,718 shares during the quarter. Whalerock Point Partners LLC’s holdings in Intel were worth $1,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Morse Asset Management Inc boosted its position in shares of Intel by 127.5% in the third quarter. Morse Asset Management Inc now owns 165,935 shares of the chip maker’s stock worth $6,319,000 after buying an additional 92,985 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Intel in the third quarter worth $55,173,000. Csenge Advisory Group acquired a new stake in shares of Intel in the third quarter worth $754,000. Dumont & Blake Investment Advisors LLC boosted its position in shares of Intel by 3.3% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 42,489 shares of the chip maker’s stock worth $1,618,000 after buying an additional 1,376 shares during the period. Finally, Everence Capital Management Inc. boosted its position in shares of Intel by 5.0% in the third quarter. Everence Capital Management Inc. now owns 107,455 shares of the chip maker’s stock worth $4,092,000 after buying an additional 5,160 shares during the period. 67.54% of the stock is owned by institutional investors and hedge funds.

Shares of Intel Co. (NASDAQ INTC) opened at $42.50 on Thursday. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64. The firm has a market capitalization of $198,900.00, a PE ratio of 14.91, a P/E/G ratio of 1.62 and a beta of 1.06. 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 released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. analysts anticipate that Intel Co. will post 3.25 EPS for the current year.

Several brokerages recently issued reports on INTC. Mizuho reiterated a “buy” rating and set a $47.00 price objective on shares of Intel in a report on Tuesday, December 26th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective for the company. in a report on Tuesday, January 2nd. BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Canaccord Genuity increased their price objective on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Barclays reiterated a “buy” rating and set a $55.00 price objective on shares of Intel in a report on Monday, November 13th. Four 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 company currently has a consensus rating of “Buy” and an average price target of $44.78.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of Intel 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of Intel stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold 1,487,054 shares of company stock worth $65,800,132 over the last ninety days. Company insiders own 0.08% of the company’s stock.

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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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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