Lord Abbett & CO. LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 26.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,701,469 shares of the chip maker’s stock after selling 1,727,935 shares during the period. Intel makes up about 0.5% of Lord Abbett & CO. LLC’s portfolio, making the stock its 27th biggest position. Lord Abbett & CO. LLC owned about 0.10% of Intel worth $158,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of INTC. Watermark Asset Management Inc. purchased a new stake in shares of Intel in the first quarter worth approximately $113,000. Acrospire Investment Management LLC raised its holdings in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the period. Vigilant Capital Management LLC raised its holdings in shares of Intel by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Winfield Associates Inc. raised its holdings in shares of Intel by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the period. Finally, Farmers National Bank raised its holdings in shares of Intel by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares during the period. 67.69% of the stock is owned by institutional investors and hedge funds.

Intel Co. (INTC) opened at $44.56 on Friday. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $47.30. The stock has a market capitalization of $208,540.00, a price-to-earnings ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 25.96% and a net margin of 27.96%. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the business posted $0.80 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that Intel Co. will post 3.25 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on INTC. Royal Bank of Canada reiterated a “sector perform” rating and issued a $40.00 price target (up from $37.00) on shares of Intel in a report on Friday, October 6th. KeyCorp restated a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Intel in a report on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $45.00 price objective on shares of Intel in a report on Friday, October 27th. Finally, Rosenblatt Securities restated a “sell” rating on shares of Intel in a report on Wednesday, August 23rd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and an average price target of $43.97.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the completion of the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock valued at $68,196,589 in the last three months. Insiders own 0.08% of the company’s stock.

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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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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