WESPAC Advisors SoCal LLC cut its position in Intel Co. (NASDAQ:INTC) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 133,845 shares of the chip maker’s stock after selling 3,948 shares during the quarter. Intel makes up about 3.0% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 11th largest position. WESPAC Advisors SoCal LLC’s holdings in Intel were worth $5,096,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC raised its position in shares of Intel by 111.8% during the 2nd 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 in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares in the last quarter. Winfield Associates Inc. raised its position in shares of Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares in the last quarter. Burt Wealth Advisors raised its position in shares of Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after buying an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co raised its position in shares of Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 67.56% of the company’s stock.

Intel Co. (NASDAQ INTC) opened at $44.82 on Friday. The firm has a market cap of $209,757.59, a P/E ratio of 15.67, a PEG ratio of 1.62 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64.

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

A number of analysts have commented on the stock. Mizuho restated a “buy” rating and set a $47.00 price target on shares of Intel in a research report on Tuesday, December 26th. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price target on the stock. in a research report on Tuesday, January 2nd. BidaskClub downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity boosted their price target on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Barclays restated a “buy” rating and set a $55.00 price target on shares of Intel in a research report on Monday, November 13th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have assigned a buy rating to the stock. Intel presently has an average rating of “Buy” and a consensus target price of $44.77.

In related news, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the completion of the sale, the executive vice president now directly owns 110,850 shares in the company, valued at $4,931,716.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is currently owned by insiders.

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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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