Community Bank & Trust Waco Texas reduced its position in Intel Corporation (NASDAQ:INTC) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 143,595 shares of the chip maker’s stock after selling 2,362 shares during the period. Intel Corporation makes up about 2.9% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 6th largest position. Community Bank & Trust Waco Texas’ holdings in Intel Corporation were worth $5,421,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of INTC. Vanguard Group Inc. raised its position in Intel Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares during the last quarter. Capital World Investors raised its position in Intel Corporation by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock worth $5,479,164,000 after buying an additional 8,095,076 shares during the last quarter. Capital Research Global Investors raised its position in Intel Corporation by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock worth $3,381,823,000 after buying an additional 4,719,872 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Intel Corporation by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in Intel Corporation by 1.0% in the second quarter. Primecap Management Co. CA now owns 32,038,210 shares of the chip maker’s stock worth $1,050,853,000 after buying an additional 324,225 shares during the last quarter. Institutional investors and hedge funds own 64.78% of the company’s stock.

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

Shares of Intel Corporation (NASDAQ:INTC) traded up 0.27% during mid-day trading on Friday, reaching $36.81. 4,488,482 shares of the company’s stock were exchanged. The firm has a market cap of $174.44 billion, a P/E ratio of 17.27 and a beta of 1.06. The company has a 50 day moving average price of $35.92 and a 200 day moving average price of $35.42. Intel Corporation has a 52-week low of $27.68 and a 52-week high of $38.36.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. The firm had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Intel Corporation had a net margin of 17.90% and a return on equity of 21.05%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. Analysts forecast that Intel Corporation will post $2.67 earnings per share for the current fiscal year.

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INTC has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Intel Corporation from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Brean Capital reiterated a “buy” rating and issued a $40.00 price objective (up from $38.00) on shares of Intel Corporation in a research note on Thursday, September 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $35.00 price objective (up from $33.00) on shares of Intel Corporation in a research note on Friday, October 21st. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, September 26th. Finally, Nomura reissued a “buy” rating and set a $40.00 target price (down from $42.00) on shares of Intel Corporation in a research report on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.78.

In other news, CEO Brian M. Krzanich sold 79,051 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total value of $2,884,570.99. Following the sale, the chief executive officer now owns 394,406 shares of the company’s stock, valued at $14,391,874.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $35.38, for a total transaction of $1,043,603.86. Following the completion of the sale, the executive vice president now directly owns 257,695 shares in the company, valued at approximately $9,117,249.10. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

About Intel Corporation

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

5 Day Chart for NASDAQ:INTC

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