Glenmede Trust Co. NA Has $40.32 Million Stake in Intel Co. (NASDAQ:INTC)

Glenmede Trust Co. NA decreased its position in Intel Co. (NASDAQ:INTC – Get Rating) by 19.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,564,810 shares of the chip maker’s stock after selling 372,538 shares during the period. Glenmede Trust Co. NA’s holdings in Intel were worth $40,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Butensky & Cohen Financial Security Inc. grew its holdings in shares of Intel by 12.4% in the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 97,399 shares of the chip maker’s stock valued at $2,510,000 after acquiring an additional 10,758 shares in the last quarter. Martin & Co. Inc. TN grew its holdings in shares of Intel by 1.7% in the 3rd quarter. Martin & Co. Inc. TN now owns 24,335 shares of the chip maker’s stock valued at $627,000 after acquiring an additional 402 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Intel by 6.3% in the 3rd quarter. AdvisorNet Financial Inc now owns 40,942 shares of the chip maker’s stock valued at $1,055,000 after acquiring an additional 2,422 shares in the last quarter. Montis Financial LLC bought a new position in shares of Intel in the 2nd quarter valued at about $202,000. Finally, HBW Advisory Services LLC grew its holdings in shares of Intel by 15.8% in the 3rd quarter. HBW Advisory Services LLC now owns 35,864 shares of the chip maker’s stock valued at $924,000 after acquiring an additional 4,899 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Insider Buying and Selling at Intel

In other news, Director Lip Bu Tan acquired 48,146 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was purchased at an average price of $27.98 per share, for a total transaction of $1,347,125.08. Following the purchase, the director now owns 50,500 shares in the company, valued at approximately $1,412,990. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger bought 8,830 shares of Intel stock in a transaction dated Monday, October 31st. The stock was purchased at an average cost of $28.16 per share, with a total value of $248,652.80. Following the transaction, the chief executive officer now directly owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lip Bu Tan bought 48,146 shares of Intel stock in a transaction dated Tuesday, November 8th. The shares were bought at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the completion of the transaction, the director now directly owns 50,500 shares in the company, valued at $1,412,990. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 58,830 shares of company stock worth $1,646,744. Insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTC shares. Evercore ISI set a $30.00 price target on Intel in a report on Wednesday, November 23rd. JPMorgan Chase & Co. set a $32.00 price target on Intel in a report on Tuesday, January 17th. Cowen started coverage on Intel in a report on Monday, November 21st. They set a “market perform” rating and a $31.00 price target for the company. Credit Suisse Group set a $28.00 price target on Intel in a report on Wednesday, January 11th. Finally, HSBC started coverage on Intel in a report on Monday, October 24th. They set a “reduce” rating and a $23.00 price target for the company. Ten research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.29.

Intel Stock Down 2.3 %

Shares of INTC traded down $0.70 on Wednesday, reaching $29.22. The company’s stock had a trading volume of 6,386,655 shares, compared to its average volume of 31,658,479. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37. Intel Co. has a twelve month low of $24.59 and a twelve month high of $52.72. The stock has a market capitalization of $120.59 billion, a PE ratio of 9.21, a PEG ratio of 2.26 and a beta of 0.77. The firm has a fifty day moving average of $28.42 and a 200-day moving average of $30.46.

Intel (NASDAQ:INTC – Get Rating) last posted its earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.25. The company had revenue of $15.34 billion for the quarter, compared to analyst estimates of $15.49 billion. Intel had a net margin of 19.13% and a return on equity of 11.67%. Equities analysts predict that Intel Co. will post 1.95 EPS for the current year.

Intel Profile

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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.