Delaney Dennis R cut its position in shares of Intel Co. (NASDAQ:INTC) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,456 shares of the chip maker’s stock after selling 338 shares during the period. Intel comprises 2.0% of Delaney Dennis R’s portfolio, making the stock its 23rd biggest position. Delaney Dennis R’s holdings in Intel were worth $1,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tower View Investment Management & Research LLC acquired a new position in Intel during the 4th quarter valued at about $31,000. Corbenic Partners LLC acquired a new position in Intel during the 4th quarter valued at about $41,000. Fulcrum Capital LLC acquired a new position in Intel during the 3rd quarter valued at about $201,000. Intercontinental Wealth Advisors LLC increased its position 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 buying an additional 450 shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its position 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 buying an additional 540 shares in the last quarter. 65.28% of the stock is owned by institutional investors and hedge funds.

In other Intel news, Director Frank D. Yeary sold 12,545 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $60.35, for a total transaction of $757,090.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Balliet sold 6,833 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.25, for a total value of $165,700.25. Insiders sold a total of 81,284 shares of company stock valued at $4,517,194 in the last ninety days. 0.02% of the stock is currently owned by insiders.

Several brokerages recently issued reports on INTC. JPMorgan Chase & Co. set a $68.00 target price on Intel and gave the company an “overweight” rating in a research report on Friday, October 25th. Bank of America upped their target price on Intel from $65.00 to $70.00 and gave the company a “positive” rating in a research report on Monday, December 2nd. They noted that the move was a valuation call. UBS Group set a $60.00 target price on Intel and gave the company a “buy” rating in a research report on Friday, October 25th. ValuEngine raised Intel from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Cowen upped their target price on Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.66.

Intel stock opened at $58.94 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20. The business’s 50-day simple moving average is $58.52 and its two-hundred day simple moving average is $53.05. The company has a market cap of $258.52 billion, a PE ratio of 12.87, a PEG ratio of 1.68 and a beta of 0.91. Intel Co. has a fifty-two week low of $42.86 and a fifty-two week high of $60.97.

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

Intel declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are typically 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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