Starfire Investment Advisers Inc. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,985 shares of the chip maker’s stock after selling 458 shares during the quarter. Starfire Investment Advisers Inc.’s holdings in Intel were worth $837,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. Tower View Investment Management & Research LLC bought a new stake in Intel during the 4th quarter valued at $31,000. Corbenic Partners LLC bought a new stake in Intel during the 4th quarter valued at $41,000. Fulcrum Capital LLC bought a new stake in Intel during the 3rd quarter valued at $201,000. Intercontinental Wealth Advisors LLC increased its stake in Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after purchasing an additional 450 shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its stake in Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after purchasing an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 65.28% of the company’s stock.

In related news, EVP Navin Shenoy sold 1,404 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.94, for a total value of $78,539.76. Following the transaction, the executive vice president now directly owns 58,168 shares of the company’s stock, valued at approximately $3,253,917.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Goetz purchased 86,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $58.24 per share, for a total transaction of $5,037,760.00. Following the completion of the acquisition, the director now directly owns 137,720 shares in the company, valued at approximately $8,020,812.80. The disclosure for this purchase can be found here. Insiders sold a total of 81,284 shares of company stock worth $4,517,194 over the last three months. 0.02% of the stock is owned by insiders.

A number of analysts have commented on INTC shares. Goldman Sachs Group restated a “sell” rating and set a $48.00 price target on shares of Intel in a research note on Friday, October 25th. Cowen boosted their price target on shares of Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Credit Suisse Group restated an “outperform” rating and set a $65.00 price target (up previously from $58.00) on shares of Intel in a research note on Friday, October 25th. They noted that the move was a valuation call. Wells Fargo & Co boosted their price target on shares of Intel from $55.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets boosted their price target on shares of Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.45.

Shares of NASDAQ:INTC traded down $0.20 during midday trading on Tuesday, reaching $59.39. The company had a trading volume of 1,231,992 shares, compared to its average volume of 17,522,686. The company’s 50 day moving average price is $58.51 and its 200 day moving average price is $52.93. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market cap of $259.22 billion, a P/E ratio of 12.95, a P/E/G ratio of 1.67 and a beta of 0.91. Intel Co. has a 52-week low of $42.86 and a 52-week high of $60.97.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.18. The company had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.07 billion. Intel had a net margin of 27.46% and a return on equity of 28.28%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Research analysts forecast that Intel Co. will post 4.61 EPS for the current fiscal year.

Intel announced that its Board of Directors has initiated a share buyback plan on Thursday, October 24th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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