Meeder Asset Management Inc. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 20.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,044 shares of the chip maker’s stock after selling 52,041 shares during the quarter. Intel comprises approximately 0.8% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Meeder Asset Management Inc.’s holdings in Intel were worth $7,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Family Capital Trust Co boosted its stake in Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after acquiring an additional 3,500 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Intel by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 21,270,187 shares of the chip maker’s stock worth $809,969,000 after buying an additional 478,832 shares during the period. Hengehold Capital Management LLC raised its holdings in Intel by 2.9% during the 3rd quarter. Hengehold Capital Management LLC now owns 55,854 shares of the chip maker’s stock worth $2,127,000 after buying an additional 1,560 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Intel by 3.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,163,192 shares of the chip maker’s stock worth $158,531,000 after buying an additional 137,702 shares during the period. Finally, Asset Dedication LLC raised its holdings in Intel by 5.2% during the 3rd quarter. Asset Dedication LLC now owns 36,529 shares of the chip maker’s stock worth $1,381,000 after buying an additional 1,793 shares during the period. 67.55% of the stock is currently owned by institutional investors and hedge funds.

Intel Co. (INTC) opened at $47.56 on Thursday. The firm has a market cap of $220,147.20, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.72 and a beta of 1.06. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week 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 earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for 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 firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. analysts anticipate that Intel Co. will post 3.25 EPS for the current year.

In related news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares in the company, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,548,914 shares of company stock worth $68,196,589. 0.08% of the stock is owned by corporate insiders.

Several analysts have commented on the stock. Goldman Sachs Group set a $43.00 target price on shares of Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. Maxim Group raised their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Instinet raised their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity raised their target price on shares of Intel from $41.00 to $45.00 and gave the stock 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. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Intel presently has an average rating of “Buy” and an average target price of $43.94.

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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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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