Boston Research & Management Inc. Has $4.90 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Boston Research & Management Inc. grew its position in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,045 shares of the chip maker’s stock after buying an additional 2,820 shares during the quarter. Intel makes up about 1.5% of Boston Research & Management Inc.’s investment portfolio, making the stock its 28th biggest position. Boston Research & Management Inc.’s holdings in Intel were worth $4,904,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Amundi bought a new position in Intel in the second quarter valued at approximately $1,016,365,000. Third Point LLC raised its holdings in shares of Intel by 1,300.0% during the second quarter. Third Point LLC now owns 14,000,000 shares of the chip maker’s stock worth $785,960,000 after acquiring an additional 13,000,000 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Intel by 407.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,628,572 shares of the chip maker’s stock worth $484,408,000 after acquiring an additional 6,928,482 shares during the period. Nordea Investment Management AB grew its position in Intel by 99.3% in the third quarter. Nordea Investment Management AB now owns 10,794,070 shares of the chip maker’s stock valued at $580,936,000 after purchasing an additional 5,379,319 shares in the last quarter. Finally, Capital International Investors grew its position in Intel by 5.2% in the second quarter. Capital International Investors now owns 105,043,103 shares of the chip maker’s stock valued at $5,897,593,000 after purchasing an additional 5,214,436 shares in the last quarter. 61.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Dion J. Weisler bought 10,351 shares of the business’s stock in a transaction on Thursday, October 28th. The shares were bought at an average cost of $48.11 per share, with a total value of $497,986.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frank D. Yeary purchased 10,000 shares of the stock in a transaction dated Monday, October 25th. The shares were bought at an average price of $49.66 per share, for a total transaction of $496,600.00. The disclosure for this purchase can be found here. Insiders own 0.02% of the company’s stock.

Shares of INTC stock traded up $0.60 during mid-day trading on Friday, hitting $55.54. 915,750 shares of the company’s stock were exchanged, compared to its average volume of 30,320,560. Intel Co. has a fifty-two week low of $47.87 and a fifty-two week high of $68.49. The stock has a 50-day simple moving average of $51.20 and a two-hundred day simple moving average of $52.87. The company has a quick ratio of 1.74, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market cap of $225.88 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.00 and a beta of 0.53.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, October 20th. The chip maker reported $1.71 EPS for the quarter, beating the consensus estimate of $1.11 by $0.60. Intel had a return on equity of 28.74% and a net margin of 26.89%. The company had revenue of $19.19 billion for the quarter, compared to analyst estimates of $18.22 billion. During the same period last year, the company posted $1.11 earnings per share. As a group, analysts anticipate that Intel Co. will post 5.28 earnings per share for the current fiscal year.

Several analysts recently commented on INTC shares. Evercore ISI reduced their target price on shares of Intel from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, October 22nd. Rosenblatt Securities reiterated a “sell” rating on shares of Intel in a research report on Friday, October 22nd. Citigroup reduced their price objective on shares of Intel from $57.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, October 22nd. UBS Group downgraded shares of Intel from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $73.00 to $58.00 in a report on Friday, October 22nd. Finally, Mizuho downgraded shares of Intel from a “buy” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $55.00 in a report on Friday, October 22nd. Eleven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $57.71.

Intel Company Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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