Cidel Asset Management Inc. acquired a new position in Intel Co. (NASDAQ:INTC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,430 shares of the chip maker’s stock, valued at approximately $207,000.

Several other institutional investors also recently modified their holdings of INTC. Acrospire Investment Management LLC increased its position in shares of Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the last quarter. Family Capital Trust Co increased its position in shares of Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares during the last quarter. Winfield Associates Inc. increased its position in shares of Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the last quarter. Finally, Farmers National Bank increased its position in shares of Intel by 5.1% during the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after acquiring an additional 234 shares during the last quarter. 67.54% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on INTC shares. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Friday, September 22nd. Mizuho reaffirmed a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Intel in a research report on Monday, October 9th. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target for the company. in a research report on Tuesday, October 3rd. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $44.78.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel 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 disclosure for this sale can be found here. Insiders sold 1,487,054 shares of company stock valued at $65,800,132 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Intel Co. (NASDAQ INTC) opened at $43.62 on Wednesday. Intel Co. has a twelve month low of $33.23 and a twelve month high of $47.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The company has a market capitalization of $204,140.00, a price-to-earnings ratio of 15.31, a PEG ratio of 1.62 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Zacks’ 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 period last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. research analysts anticipate that Intel Co. will post 3.25 EPS for the current fiscal year.

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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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