Intel Co. (INTC) Stake Increased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC raised its position in Intel Co. (NASDAQ:INTC) by 47.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,850 shares of the chip maker’s stock after acquiring an additional 1,233 shares during the period. JFS Wealth Advisors LLC’s holdings in Intel were worth $147,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Acrospire Investment Management LLC lifted its stake in shares of Intel by 111.8% in the second 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 period. Winfield Associates Inc. lifted its stake in shares of Intel by 6.0% in the second 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 period. Burt Wealth Advisors lifted its stake in shares of Intel by 236.1% in the second 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 period. Family Capital Trust Co lifted its stake in shares of Intel by 350.0% in the third 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 period. Finally, Farmers National Bank lifted its stake in shares of Intel by 5.1% in the first 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 period. Institutional investors own 67.54% of the company’s stock.

Shares of Intel Co. (NASDAQ INTC) opened at $44.74 on Friday. The company has a market cap of $210,840.00, a PE ratio of 15.70, a PEG ratio of 1.64 and a beta of 1.06. Intel Co. has a twelve month low of $33.23 and a twelve month high of $47.64. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion during 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 company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. research analysts predict that Intel Co. will post 3.25 EPS for the current year.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares in the company, valued at $19,209,747.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. Insiders own 0.08% of the company’s stock.

Several brokerages recently commented on INTC. Mizuho reiterated a “buy” rating and issued a $47.00 price objective on shares of Intel in a research note on Tuesday, December 26th. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective for the company. in a research note on Tuesday. BidaskClub downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Canaccord Genuity raised their target price on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. Finally, Barclays restated a “buy” rating and set a $55.00 target price on shares of Intel in a report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and a consensus price target of $44.65.

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About Intel

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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