Exchange Capital Management Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 3.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,777 shares of the chip maker’s stock after selling 1,917 shares during the quarter. Exchange Capital Management Inc.’s holdings in Intel were worth $2,276,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in shares of Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the last quarter. Winfield Associates Inc. boosted its position in shares of Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the last quarter. Burt Wealth Advisors boosted its position in shares of Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the last quarter. Finally, Family Capital Trust Co boosted its position in shares of Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares during the last quarter. 67.56% of the stock is owned by institutional investors and hedge funds.

Shares of Intel Co. (NASDAQ INTC) opened at $44.39 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Co. has a 12-month low of $33.23 and a 12-month high of $47.64. The firm has a market capitalization of $201,895.20, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.56 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. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. equities research analysts forecast that Intel Co. will post 3.25 EPS for the current fiscal year.

In other Intel news, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now owns 110,850 shares in the company, valued at $4,931,716.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold 1,487,054 shares of company stock valued at $65,800,132 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

A number of brokerages have recently issued reports on INTC. Royal Bank of Canada reiterated a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reiterated a “buy” rating and set a $50.00 price target on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $50.00 price target (up previously from $45.00) on shares of Intel in a research report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.77.

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About Intel

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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