USA Financial Portformulas Corp Invests $5.52 Million in Intel Co. (INTC) Stock

USA Financial Portformulas Corp bought a new position in shares of Intel Co. (NASDAQ:INTC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 163,654 shares of the chip maker’s stock, valued at approximately $5,522,000. Intel comprises approximately 1.3% of USA Financial Portformulas Corp’s holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. Watermark Asset Management Inc. bought a new position in Intel during the first quarter worth $113,000. Acrospire Investment Management LLC boosted its position in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the period. Winfield Associates Inc. boosted its position in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the period. Vigilant Capital Management LLC boosted its position in Intel by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the period. Finally, Burt Wealth Advisors boosted its position in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after purchasing an additional 3,471 shares during the period. Institutional investors and hedge funds own 67.69% of the company’s stock.

Shares of Intel Co. (NASDAQ:INTC) opened at $44.56 on Friday. Intel Co. has a 52-week low of $33.23 and a 52-week high of $47.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The firm has a market cap of $208,540.00, a PE ratio of 13.63, a P/E/G ratio of 1.58 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 27.96% and a return on equity of 25.96%. The business 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 business posted $0.80 earnings per share. Intel’s revenue was up 2.4% compared to the same quarter last year. analysts expect that Intel Co. will post 3.25 EPS for the current fiscal year.

A number of equities analysts have commented on INTC shares. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Loop Capital reaffirmed a “buy” rating and set a $45.00 price objective on shares of Intel in a research report on Tuesday, August 22nd. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Intel in a research report on Wednesday, August 23rd. Rosenblatt Securities reaffirmed a “sell” rating on shares of Intel in a research report on Wednesday, August 23rd. Finally, Argus reaffirmed a “buy” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Intel presently has a consensus rating of “Buy” and a consensus price target of $43.97.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now directly 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. Insiders have sold 1,548,914 shares of company stock valued at $68,196,589 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

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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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