WESPAC Advisors LLC Takes Position in Intel Co. (INTC)

WESPAC Advisors LLC bought a new position in Intel Co. (NASDAQ:INTC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,433 shares of the chip maker’s stock, valued at approximately $285,000.

Other large investors have also recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. boosted its holdings in Intel by 11.5% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 34,803 shares of the chip maker’s stock worth $1,174,000 after buying an additional 3,603 shares during the period. Gareth Morgan Investments Limited Partnership boosted its holdings in Intel by 6.3% in the 2nd quarter. Gareth Morgan Investments Limited Partnership now owns 431,755 shares of the chip maker’s stock worth $14,567,000 after buying an additional 25,531 shares during the period. IFM Investors Pty Ltd boosted its holdings in Intel by 33.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 128,803 shares of the chip maker’s stock worth $4,346,000 after buying an additional 32,501 shares during the period. Davis Selected Advisers boosted its holdings in Intel by 35.8% in the 2nd quarter. Davis Selected Advisers now owns 35,596 shares of the chip maker’s stock valued at $1,201,000 after purchasing an additional 9,390 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in Intel by 1.3% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 262,733 shares of the chip maker’s stock valued at $8,865,000 after purchasing an additional 3,342 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.

INTC has been the subject of several analyst reports. ValuEngine downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Robert W. Baird restated an “outperform” rating and set a $45.00 price objective on shares of Intel in a research report on Tuesday, September 5th. Canaccord Genuity reiterated a “hold” rating and issued a $38.00 target price on shares of Intel in a research report on Monday, September 11th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Intel in a report on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.94.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. 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. 0.08% of the stock is owned by corporate insiders.

Intel Co. (INTC) traded down $0.06 during mid-day trading on Friday, reaching $46.16. 17,364,703 shares of the company were exchanged, compared to its average volume of 27,118,016. Intel Co. has a one year low of $33.23 and a one year 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. The firm has a market cap of $216,309.61, a PE ratio of 16.14, a PEG ratio of 1.69 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. sell-side analysts anticipate that Intel Co. will post 3.25 earnings per share for the current year.

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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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