Comerica Securities Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 1.1% in the 1st quarter, HoldingsChannel reports. The fund owned 110,286 shares of the chip maker’s stock after selling 1,193 shares during the quarter. Intel accounts for about 0.7% of Comerica Securities Inc.’s holdings, making the stock its 27th biggest holding. Comerica Securities Inc.’s holdings in Intel were worth $5,744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. BancorpSouth Bank bought a new position in shares of Intel in the 4th quarter valued at about $6,306,000. Epstein & White Financial LLC bought a new position in shares of Intel in the 4th quarter valued at about $262,000. Whalerock Point Partners LLC boosted its stake in shares of Intel by 32.8% in the 4th quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock valued at $1,730,000 after purchasing an additional 9,250 shares during the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of Intel by 9.0% in the 4th quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock valued at $20,477,000 after purchasing an additional 36,802 shares during the last quarter. Finally, James Hambro & Partners bought a new position in shares of Intel in the 4th quarter valued at about $305,000. Hedge funds and other institutional investors own 66.90% of the company’s stock.

Several research analysts have recently issued reports on the stock. BidaskClub lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Nomura set a $55.00 target price on shares of Intel and gave the company a “neutral” rating in a research note on Monday, June 25th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, June 27th. Robert W. Baird set a $64.00 target price on shares of Intel and gave the company a “buy” rating in a research note on Thursday. Finally, Benchmark assumed coverage on shares of Intel in a research note on Tuesday, June 26th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.90.

In related news, EVP Navin Shenoy sold 1,265 shares of the business’s stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $52.47, for a total transaction of $66,374.55. Following the transaction, the executive vice president now directly owns 32,022 shares in the company, valued at $1,680,194.34. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 6,746 shares of the business’s stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $52.52, for a total transaction of $354,299.92. Following the transaction, the chief executive officer now owns 264,084 shares in the company, valued at $13,869,691.68. The disclosure for this sale can be found here. Insiders sold 13,192 shares of company stock worth $693,559 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Intel opened at $52.35 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58. Intel Co. has a 12-month low of $34.12 and a 12-month high of $57.60. The company has a market capitalization of $244.02 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. Intel had a net margin of 17.32% and a return on equity of 25.41%. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the company earned $0.66 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. analysts predict that Intel Co. will post 4.02 EPS for the current fiscal year.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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