Intel Co. (NASDAQ:INTC) Stake Lowered by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 67,000 shares of the chip maker’s stock after selling 1,997 shares during the quarter. Intel comprises about 1.7% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 25th largest position. Advisors Management Group Inc. ADV’s holdings in Intel were worth $3,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of INTC. HC Financial Advisors Inc. raised its stake in Intel by 9.5% in the third quarter. HC Financial Advisors Inc. now owns 25,496 shares of the chip maker’s stock worth $1,206,000 after buying an additional 2,206 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in Intel by 3.1% in the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 124,458 shares of the chip maker’s stock worth $5,886,000 after buying an additional 3,759 shares in the last quarter. Schulhoff & Co. Inc. raised its stake in Intel by 2.8% in the third quarter. Schulhoff & Co. Inc. now owns 43,645 shares of the chip maker’s stock worth $2,063,000 after buying an additional 1,184 shares in the last quarter. Brighton Jones LLC raised its stake in Intel by 1.3% in the third quarter. Brighton Jones LLC now owns 115,986 shares of the chip maker’s stock worth $5,485,000 after buying an additional 1,483 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in Intel by 146.0% in the third quarter. Edgestream Partners L.P. now owns 14,718 shares of the chip maker’s stock worth $696,000 after buying an additional 8,736 shares in the last quarter. 66.03% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Navin Shenoy sold 1,254 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total value of $63,703.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the completion of the sale, the insider now owns 76,855 shares in the company, valued at approximately $4,011,062.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,575 shares of company stock worth $3,926,436. Corporate insiders own 0.02% of the company’s stock.

NASDAQ:INTC opened at $46.70 on Friday. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54. The company has a market cap of $209.75 billion, a PE ratio of 10.20, a PEG ratio of 1.47 and a beta of 0.84.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $16.03 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post 4.25 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on INTC shares. Morgan Stanley raised shares of Intel from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $55.00 to $64.00 in a research note on Friday, February 22nd. Deutsche Bank increased their price target on shares of Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Northland Securities restated a “sell” rating and issued a $38.00 price objective on shares of Intel in a report on Tuesday, February 26th. BidaskClub upgraded shares of Intel from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Wednesday, March 27th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the stock. Intel has an average rating of “Hold” and a consensus target price of $54.17.

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Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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