Intel Co. (INTC) Holdings Increased by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,008 shares of the chip maker’s stock after buying an additional 13,615 shares during the quarter. Intel comprises 0.7% of Meeder Asset Management Inc.’s holdings, making the stock its 19th biggest position. Meeder Asset Management Inc.’s holdings in Intel were worth $7,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Traynor Capital Management Inc. increased its position in shares of Intel by 7.7% in the fourth quarter. Traynor Capital Management Inc. now owns 14,439 shares of the chip maker’s stock worth $666,000 after acquiring an additional 1,035 shares in the last quarter. Orca Investment Management LLC increased its position in shares of Intel by 3.7% in the fourth quarter. Orca Investment Management LLC now owns 29,770 shares of the chip maker’s stock worth $1,374,000 after acquiring an additional 1,055 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Intel by 2.0% in the first quarter. Checchi Capital Advisers LLC now owns 54,861 shares of the chip maker’s stock worth $2,857,000 after acquiring an additional 1,061 shares in the last quarter. Northstar Investment Advisors LLC increased its position in shares of Intel by 0.3% in the fourth quarter. Northstar Investment Advisors LLC now owns 317,806 shares of the chip maker’s stock worth $14,670,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Greenwood Capital Associates LLC increased its position in shares of Intel by 1.0% in the fourth quarter. Greenwood Capital Associates LLC now owns 110,343 shares of the chip maker’s stock worth $5,093,000 after acquiring an additional 1,114 shares in the last quarter. Institutional investors own 66.89% of the company’s stock.

Several research analysts have recently weighed in on INTC shares. Robert W. Baird reissued a “buy” rating and issued a $62.00 target price on shares of Intel in a research report on Monday, March 26th. Vetr raised shares of Intel from a “hold” rating to a “buy” rating and set a $54.41 target price on the stock in a research report on Monday, March 12th. Bank of America reissued a “buy” rating and issued a $61.00 target price (up from $52.00) on shares of Intel in a research report on Thursday, March 8th. ValuEngine downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, UBS Group started coverage on shares of Intel in a research report on Thursday, April 5th. They set a “buy” rating and a $70.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $55.60.

In related news, CEO Brian M. Krzanich sold 6,746 shares of the company’s stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $52.52, for a total transaction of $354,299.92. Following the completion of the transaction, the chief executive officer now directly owns 264,084 shares in the company, valued at approximately $13,869,691.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Navin Shenoy sold 1,010 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $52.80, for a total transaction of $53,328.00. Following the transaction, the executive vice president now owns 32,920 shares of the company’s stock, valued at $1,738,176. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,192 shares of company stock valued at $693,559. Corporate insiders own 0.03% of the company’s stock.

Shares of Intel opened at $49.71 on Monday, Marketbeat Ratings reports. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.35. Intel Co. has a 1-year low of $33.23 and a 1-year high of $57.60. The firm has a market capitalization of $232.56 billion, a PE ratio of 14.37, a PEG ratio of 1.48 and a beta of 0.95.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.08 billion. Intel had a net margin of 17.32% and a return on equity of 25.41%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. analysts anticipate that Intel Co. will post 4 EPS for the current year.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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