Intel Co. (INTC) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in Intel Co. (NASDAQ:INTC) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,434 shares of the chip maker’s stock after selling 12,464 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Intel were worth $7,518,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC grew its holdings 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 valued at $121,000 after purchasing an additional 1,900 shares during the last quarter. Winfield Associates Inc. grew its holdings 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 valued at $156,000 after purchasing an additional 265 shares during the last quarter. Burt Wealth Advisors grew its holdings 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 valued at $166,000 after purchasing an additional 3,471 shares during the last quarter. Family Capital Trust Co grew its holdings 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 valued at $171,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Farmers National Bank grew its holdings in shares of Intel by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after purchasing an additional 234 shares during the last quarter. 67.54% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,487,054 shares of company stock valued at $65,800,132. Corporate insiders own 0.08% of the company’s stock.

Several research firms recently commented on INTC. Vetr raised shares of Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 target price on the stock in a report on Thursday. Nomura reaffirmed a “buy” rating and set a $50.00 target price on shares of Intel in a report on Thursday. B. Riley reaffirmed a “buy” rating and set a $53.00 target price on shares of Intel in a report on Thursday. Oppenheimer reissued a “hold” rating on shares of Intel in a research report on Thursday. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Intel in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intel currently has a consensus rating of “Buy” and a consensus price target of $44.46.

Shares of Intel Co. (NASDAQ:INTC) opened at $44.43 on Friday. Intel Co. has a 12-month low of $33.23 and a 12-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 cap of $207,930.00, a PE ratio of 15.59, a PEG ratio of 1.70 and a beta of 1.06.

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

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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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