Frontier Investment Mgmt Co. boosted its position in Intel Co. (NASDAQ:INTC) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 559,963 shares of the chip maker’s stock after buying an additional 3,845 shares during the quarter. Intel makes up about 1.8% of Frontier Investment Mgmt Co.’s holdings, making the stock its 18th largest position. Frontier Investment Mgmt Co.’s holdings in Intel were worth $18,893,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INTC. Lourd Capital LLC grew its position in shares of Intel by 1.1% in the first quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock valued at $328,000 after purchasing an additional 99 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Intel in the first quarter valued at $822,000. Alerus Financial NA grew its position in shares of Intel by 3.5% in the first quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock valued at $2,397,000 after purchasing an additional 2,238 shares in the last quarter. Vigilant Capital Management LLC grew its position 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 valued at $158,000 after purchasing an additional 805 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its position in shares of Intel by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock valued at $3,311,000 after purchasing an additional 706 shares in the last quarter. 67.69% of the stock is owned by institutional investors and hedge funds.

Shares of Intel Co. (NASDAQ INTC) opened at $44.56 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Co. has a 52 week low of $33.23 and a 52 week high of $47.30. The stock has a market capitalization of $202,456.80, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

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

In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction dated 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 sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Andy D. Bryant sold 89,087 shares of Intel stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the sale, the chairman now directly owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. Corporate insiders own 0.08% of the company’s stock.

Several brokerages have recently weighed in on INTC. Canaccord Genuity lifted their price target on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Barclays reiterated a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a research report on Wednesday, November 1st. Instinet lifted their price target on Intel to $50.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 price target on Intel and gave the company a “sell” rating in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.94.

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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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