Isthmus Partners LLC Cuts Position in Intel Co. (INTC)

Isthmus Partners LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,894 shares of the chip maker’s stock after selling 2,090 shares during the period. Intel accounts for about 1.9% of Isthmus Partners LLC’s holdings, making the stock its 20th biggest position. Isthmus Partners LLC’s holdings in Intel were worth $6,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of INTC. Acrospire Investment Management LLC raised its holdings in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the last quarter. Winfield Associates Inc. raised its holdings in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the last quarter. Burt Wealth Advisors raised its holdings in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the last quarter. Finally, Family Capital Trust Co raised its holdings in Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 67.56% of the company’s stock.

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

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s 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 completion of the sale, the executive vice president now owns 113,086 shares in the company, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,487,054 shares of company stock worth $65,800,132. Company insiders own 0.08% of the company’s stock.

Shares of Intel Co. (NASDAQ INTC) opened at $44.39 on Thursday. The stock has a market cap of $201,895.20, a PE ratio of 15.52, a PEG ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Co. has a 12 month low of $33.23 and a 12 month high of $47.64.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. sell-side analysts forecast that Intel Co. will post 3.25 earnings per share for the current year.

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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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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