Pzena Investment Management LLC Has $234,000 Position in Intel Co. (INTC)

Pzena Investment Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 99.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,152 shares of the chip maker’s stock after selling 8,484,091 shares during the quarter. Pzena Investment Management LLC’s holdings in Intel were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of INTC. Papp L Roy & Associates raised its position in Intel by 1.2% during the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in Intel during the 2nd quarter valued at approximately $555,000. United Bank raised its position in Intel by 108.0% during the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Intel by 182.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its position in Intel by 15.6% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after purchasing an additional 16,340 shares during the last quarter. Institutional investors own 67.48% of the company’s stock.

Shares of Intel Co. (INTC) opened at $44.82 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Co. has a 52 week low of $33.23 and a 52 week high of $47.64. The company has a market capitalization of $209,760.00, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the business posted $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 year.

In other Intel news, EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.06, for a total transaction of $87,006.14. Following the sale, the executive vice president now directly owns 114,091 shares in the company, valued at approximately $4,684,576.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares in the company, valued at $4,626,348.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Company insiders own 0.08% of the company’s stock.

Several research analysts have recently issued reports on INTC shares. Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price for the company. in a research report on Tuesday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $40.00 target price (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. Finally, Mizuho reissued a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of Intel in a research report on Monday, October 9th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company. Intel currently has a consensus rating of “Buy” and a consensus target price of $44.77.

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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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