Intel Co. (INTC) Holdings Trimmed by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,845 shares of the chip maker’s stock after selling 3,948 shares during the period. Intel makes up approximately 3.0% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 11th biggest holding. WESPAC Advisors SoCal LLC’s holdings in Intel were worth $5,096,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of INTC. Corundum Group Inc. acquired a new stake in shares of Intel in the third quarter worth $229,000. Hennessy Advisors Inc. acquired a new stake in shares of Intel in the third quarter worth $2,511,000. Doliver Capital Advisors LP acquired a new stake in shares of Intel in the third quarter worth $212,000. Princeton Capital Management Inc. increased its position in shares of Intel by 27.2% in the third quarter. Princeton Capital Management Inc. now owns 117,527 shares of the chip maker’s stock worth $4,475,000 after acquiring an additional 25,099 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of Intel by 6.5% in the third quarter. GHP Investment Advisors Inc. now owns 107,184 shares of the chip maker’s stock worth $4,082,000 after acquiring an additional 6,520 shares in the last quarter. 67.56% of the stock is currently owned by institutional investors.

Intel Co. (NASDAQ INTC) opened at $44.82 on Friday. The firm has a market cap of $209,757.59, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $47.64.

Intel (NASDAQ:INTC) last announced 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. The company 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 firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. sell-side analysts predict that Intel Co. will post 3.25 earnings per share for the current year.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now directly owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is owned by company insiders.

Several research firms have recently issued reports on INTC. Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the stock a “sell” rating in a research report on Wednesday, January 10th. BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Saturday. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price objective for the company. in a research report on Wednesday. Wells Fargo & Co reissued an “outperform” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Intel in a research report on Friday, October 27th. Finally, SunTrust Banks reissued a “hold” rating and issued a $43.00 price objective (up previously from $39.00) on shares of Intel in a research report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. Intel has a consensus rating of “Buy” and a consensus price target of $44.77.

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Intel 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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