Trust Co. of Vermont trimmed its stake in Intel Co. (NASDAQ:INTC) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,381 shares of the chip maker’s stock after selling 30,806 shares during the quarter. Trust Co. of Vermont’s holdings in Intel were worth $8,087,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Acrospire Investment Management LLC lifted its stake 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 buying an additional 1,900 shares in the last quarter. Family Capital Trust Co lifted its stake 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 buying an additional 3,500 shares in the last quarter. Winfield Associates Inc. lifted its stake 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 buying an additional 265 shares in the last quarter. Farmers National Bank lifted its stake in shares of Intel by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares in the last quarter. Finally, Burt Wealth Advisors lifted its stake 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 buying an additional 3,471 shares in the last quarter. Hedge funds and other institutional investors own 67.54% of the company’s stock.
Intel Co. (INTC) opened at $46.11 on Thursday. The company has a market cap of $215,790.00, a price-to-earnings ratio of 16.18, a PEG ratio of 1.71 and a beta of 1.06. Intel Co. has a twelve month low of $33.23 and a twelve month high of $47.64. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction on Monday, October 2nd. The stock was 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 directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock worth $68,196,589 in the last three months. Insiders own 0.08% of the company’s stock.
A number of analysts recently commented on the stock. BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Co restated an “outperform” rating and set a $50.00 price target (up from $45.00) on shares of Intel in a research note on Friday, October 27th. SunTrust Banks restated a “hold” rating and set a $43.00 price target (up from $39.00) on shares of Intel in a research note on Friday, October 27th. Robert W. Baird restated an “outperform” rating and set a $45.00 price target on shares of Intel in a research note on Tuesday, September 5th. Finally, BMO Capital Markets upped their price target on shares of Intel from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $43.94.
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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).
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