Whalerock Point Partners LLC grew its position in Intel Co. (NASDAQ:INTC) by 31.2% in the third quarter, Holdings Channel reports. The fund owned 28,240 shares of the chip maker’s stock after buying an additional 6,718 shares during the quarter. Whalerock Point Partners LLC’s holdings in Intel were worth $1,075,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its position in Intel by 111.8% in the 2nd 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 last quarter. JFS Wealth Advisors LLC raised its position in Intel by 47.1% in the 3rd 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 last quarter. Winfield Associates Inc. raised its position in Intel by 6.0% in the 2nd 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 last quarter. Burt Wealth Advisors raised its position in Intel by 236.1% in the 2nd 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 last quarter. Finally, Family Capital Trust Co raised its position in Intel by 350.0% in the 3rd 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 last quarter. Institutional investors own 67.54% of the company’s stock.

Intel Co. (INTC) opened at $42.50 on Thursday. The firm has a market cap of $198,900.00, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.62 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 one year low of $33.23 and a one year high of $47.64.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. analysts predict that Intel Co. will post 3.25 earnings per share for the current year.

In other Intel news, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the sale, the chairman now directly owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now directly owns 113,086 shares in the company, valued at $4,626,348.26. 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 over the last three months. Insiders own 0.08% of the company’s stock.

Several research firms recently weighed in on INTC. Mizuho restated a “buy” rating and issued a $47.00 price objective on shares of Intel in a research report 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 report on Tuesday, January 2nd. BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity boosted their price objective on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Barclays restated a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $44.78.

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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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