Phocas Financial Corp. trimmed its position in shares of Intel Corporation (NASDAQ:INTC) by 37.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,957 shares of the chip maker’s stock after selling 9,754 shares during the period. Phocas Financial Corp.’s holdings in Intel were worth $538,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Murphy Capital Management Inc. lifted its holdings in shares of Intel by 18.4% during the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares during the period. Papp L Roy & Associates lifted its holdings in shares of Intel by 1.2% during the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after purchasing an additional 800 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Intel during the second quarter worth $555,000. United Bank raised its position in Intel by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after acquiring an additional 22,765 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Intel by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after acquiring an additional 9,746 shares in the last quarter. Hedge funds and other institutional investors own 67.69% of the company’s stock.

Several research analysts have issued reports on the company. Goldman Sachs Group set a $43.00 price objective on Intel and gave the stock a “neutral” rating in a research report on Tuesday. Maxim Group increased their price objective on Intel to $50.00 and gave the stock a “buy” rating in a research report on Monday. They noted that the move was a valuation call. Instinet increased their price objective on Intel to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Canaccord Genuity increased their price objective on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Barclays restated a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Monday, November 13th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.97.

Intel Corporation (NASDAQ INTC) opened at $43.26 on Friday. 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 Corporation has a 12-month low of $33.23 and a 12-month high of $47.30. The stock has a market capitalization of $202,460.00, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. sell-side analysts expect that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

In other news, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.49, for a total transaction of $25,359.30. Following the sale, the executive vice president now directly owns 110,850 shares of the company’s stock, valued at $4,931,716.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,548,914 shares of company stock valued at $68,196,589. Insiders own 0.08% of the company’s stock.

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Intel Company 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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