Maple Capital Management Inc. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,667 shares of the chip maker’s stock after buying an additional 1,072 shares during the period. Maple Capital Management Inc. owned approximately 527.07% of Intel worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

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

Intel Co. (INTC) opened at $44.48 on Friday. The firm has a market capitalization of $207,745.20, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.61 and a beta of 1.06. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

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

In other news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane M. Bryant sold 570 shares of Intel stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the transaction, the executive vice president now owns 110,850 shares of the company’s stock, valued at $4,931,716.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,487,054 shares of company stock worth $65,800,132 in the last ninety days. Insiders own 0.08% of the company’s stock.

A number of equities research analysts have recently commented on INTC shares. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Friday, September 22nd. Mizuho reaffirmed a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Intel in a research report on Monday, October 9th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target on the stock. in a research report on Tuesday, October 3rd. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Bank of America raised Intel from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $44.77.

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Intel 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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