Lipe & Dalton trimmed its stake in Intel Co. (NASDAQ:INTC) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 123,872 shares of the chip maker’s stock after selling 1,790 shares during the quarter. Intel makes up about 3.3% of Lipe & Dalton’s investment portfolio, making the stock its 10th largest holding. Lipe & Dalton’s holdings in Intel were worth $4,717,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of INTC. Acrospire Investment Management LLC increased its holdings in shares of Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the period. Family Capital Trust Co increased its holdings in shares of Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares during the period. Winfield Associates Inc. increased its holdings in shares of Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the period. Finally, Burt Wealth Advisors increased its holdings in shares of Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the period. Institutional investors own 67.48% of the company’s stock.

Intel Co. (NASDAQ INTC) opened at $45.75 on Tuesday. 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 Co. has a one year low of $33.23 and a one year high of $47.64. The firm has a market capitalization of $209,757.59, a P/E ratio of 16.00, a P/E/G ratio of 1.62 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. research analysts predict that Intel Co. will post 3.25 earnings per share for the current fiscal year.

INTC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Intel in a report on Friday, October 6th. Finally, Mizuho reaffirmed a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Intel in a report on Monday, October 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.77.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Diane M. Bryant sold 2,119 shares of Intel stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $41.06, for a total value of $87,006.14. Following the completion of the transaction, the executive vice president now directly owns 114,091 shares in the company, valued at $4,684,576.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,485,415 shares of company stock worth $65,733,081. Company 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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