Intel Co. (INTC) Shares Bought by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services raised its holdings in Intel Co. (NASDAQ:INTC) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,258 shares of the chip maker’s stock after acquiring an additional 7,479 shares during the quarter. Intel comprises 2.6% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 12th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Intel were worth $5,303,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Fulton Bank N.A. boosted its stake in Intel by 2.3% in the third quarter. Fulton Bank N.A. now owns 93,293 shares of the chip maker’s stock valued at $3,553,000 after acquiring an additional 2,094 shares during the last quarter. Beacon Financial Group raised its holdings in Intel by 39.5% in the third quarter. Beacon Financial Group now owns 44,367 shares of the chip maker’s stock worth $1,689,000 after purchasing an additional 12,571 shares during the period. Eqis Capital Management Inc. raised its holdings in Intel by 8.2% in the third quarter. Eqis Capital Management Inc. now owns 97,326 shares of the chip maker’s stock worth $3,706,000 after purchasing an additional 7,413 shares during the period. Curbstone Financial Management Corp raised its holdings in Intel by 92.4% in the third quarter. Curbstone Financial Management Corp now owns 84,300 shares of the chip maker’s stock worth $3,210,000 after purchasing an additional 40,475 shares during the period. Finally, Park National Corp OH raised its holdings in Intel by 2.7% in the third quarter. Park National Corp OH now owns 854,090 shares of the chip maker’s stock worth $32,523,000 after purchasing an additional 22,317 shares during the period. 67.69% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Andy D. Bryant sold 89,087 shares of Intel stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the transaction, the chairman now directly owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock worth $68,196,589 over the last quarter. Company insiders own 0.08% of the company’s stock.

INTC has been the topic of several analyst reports. Loop Capital reiterated a “buy” rating and issued a $45.00 target price on shares of Intel in a report on Tuesday, August 22nd. Wells Fargo & Company reiterated an “outperform” rating on shares of Intel in a report on Wednesday, August 23rd. Rosenblatt Securities reiterated a “sell” rating on shares of Intel in a report on Wednesday, August 23rd. Argus reiterated a “buy” rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, August 23rd. Finally, Royal Bank of Canada reiterated a “sell” rating on shares of Intel in a report on Thursday, August 24th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Intel currently has an average rating of “Buy” and an average price target of $43.94.

Shares of Intel Co. (INTC) opened at $44.56 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Co. has a 52 week low of $33.23 and a 52 week high of $47.30. The stock has a market cap of $208,540.81, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the previous year, the business earned $0.80 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. equities research analysts anticipate that Intel Co. will post 3.25 earnings per share for the current fiscal year.

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Intel Profile

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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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