Waters Parkerson & CO. LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 15.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,141 shares of the chip maker’s stock after selling 6,082 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in Intel were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Apeiron RIA LLC acquired a new stake in shares of Intel during the second quarter worth approximately $26,000. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Intel during the second quarter worth approximately $36,000. Steward Financial Group LLC grew its position in shares of Intel by 667.0% during the second quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock worth $29,000 after buying an additional 687 shares in the last quarter. Lumature Wealth Partners LLC grew its position in shares of Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after buying an additional 490 shares in the last quarter. Finally, Islay Capital Management LLC acquired a new stake in shares of Intel during the third quarter worth approximately $26,000. Institutional investors and hedge funds own 59.48% of the company’s stock.
Intel Stock Performance
Shares of NASDAQ INTC traded down $0.61 during midday trading on Wednesday, reaching $29.31. 5,320,513 shares of the company traded hands, compared to its average volume of 31,591,844. Intel Co. has a 52 week low of $24.59 and a 52 week high of $52.72. The stock has a 50-day moving average price of $28.42 and a 200 day moving average price of $30.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.31. The company has a market cap of $120.96 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 2.26 and a beta of 0.77.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on INTC. Mizuho reissued a “neutral” rating and set a $32.00 price target on shares of Intel in a research report on Tuesday, November 22nd. Credit Suisse Group set a $28.00 price objective on shares of Intel in a report on Wednesday, January 11th. JPMorgan Chase & Co. set a $32.00 price objective on shares of Intel in a report on Tuesday, January 17th. Barclays raised shares of Intel from an “underweight” rating to an “equal weight” rating and set a $30.00 price objective for the company in a report on Friday, October 28th. Finally, Rosenblatt Securities decreased their price objective on shares of Intel from $30.00 to $20.00 and set a “sell” rating for the company in a report on Friday, October 28th. Ten analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.29.
Insiders Place Their Bets
In other Intel news, Director Lip Bu Tan purchased 1,854 shares of the company’s stock in a transaction on Friday, November 4th. The shares were purchased at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the transaction, the director now owns 2,354 shares in the company, valued at $64,711.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger acquired 8,830 shares of the business’s stock in a transaction on Monday, October 31st. The shares were purchased at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the acquisition, the chief executive officer now owns 96,049 shares in the company, valued at $2,704,739.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lip Bu Tan acquired 1,854 shares of the business’s stock in a transaction on Friday, November 4th. The shares were bought at an average price of $27.49 per share, for a total transaction of $50,966.46. Following the acquisition, the director now owns 2,354 shares in the company, valued at approximately $64,711.46. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 58,830 shares of company stock worth $1,646,744. 0.02% of the stock is owned by corporate insiders.
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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