United Bank VA trimmed its holdings in Intel Co. (NASDAQ:INTC) by 52.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,813 shares of the chip maker’s stock after selling 10,871 shares during the period. United Bank VA’s holdings in Intel were worth $331,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Lourd Capital LLC boosted its holdings in shares of Intel by 1.1% during the 1st quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock worth $328,000 after buying an additional 99 shares during the period. Virtu Financial LLC bought a new stake in shares of Intel during the 1st quarter worth $822,000. Alerus Financial NA boosted its holdings in shares of Intel by 3.5% during the 1st quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock worth $2,397,000 after buying an additional 2,238 shares during the period. Vigilant Capital Management LLC boosted its holdings in shares of Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Finally, Wetherby Asset Management Inc. boosted its holdings in shares of Intel by 0.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock worth $3,311,000 after buying an additional 706 shares during the period. 67.69% of the stock is owned by institutional investors.

Several research firms recently issued reports on INTC. Canaccord Genuity upped their price objective on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Barclays reaffirmed a “buy” rating and set a $55.00 price objective on shares of Intel in a report on Monday, November 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, November 1st. Instinet upped their price objective on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the stock a “sell” rating in a report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $43.97.

Intel Co. (INTC) opened at $44.56 on Friday. Intel Co. has a one year low of $33.23 and a one year high of $47.30. The stock has a market cap of $208,540.00, a price-to-earnings ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel had a net margin of 27.96% and a return on equity of 25.96%. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the prior year, the company posted $0.80 EPS. The business’s revenue was up 2.4% on a year-over-year basis. sell-side analysts forecast that Intel Co. will post 3.25 earnings per share for the current year.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction 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 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. Corporate 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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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