Lynch & Associates IN increased its stake in shares of Intel Co. (NASDAQ:INTC) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,794 shares of the chip maker’s stock after purchasing an additional 3,883 shares during the period. Intel makes up 2.9% of Lynch & Associates IN’s investment portfolio, making the stock its 8th largest holding. Lynch & Associates IN’s holdings in Intel were worth $7,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares during the period. Capital Research Global Investors grew its position in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares during the period. Capital World Investors grew its position in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares during the period. Vanguard Group Inc. grew its position in Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares during the period. Finally, Glenview Capital Management LLC bought a new stake in Intel during the first quarter valued at approximately $177,881,000. 67.55% of the stock is owned by hedge funds and other institutional investors.

Intel Co. (NASDAQ:INTC) opened at $46.26 on Tuesday. 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 Co. has a 12-month low of $33.23 and a 12-month high of $47.30. The firm has a market cap of $208,540.81, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.63 and a beta of 1.06.

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. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. Intel’s revenue for the quarter was up 2.4% on a year-over-year basis. analysts expect 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 company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was 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 owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. 0.08% of the stock is owned by company insiders.

Several analysts recently issued reports on the stock. Goldman Sachs Group set a $43.00 target price on shares of Intel and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Maxim Group boosted their target price on shares of Intel to $50.00 and gave the company a “buy” rating in a research report on Monday, December 11th. They noted that the move was a valuation call. Instinet boosted their target price on shares of Intel to $50.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Canaccord Genuity boosted their target price on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Finally, Barclays restated a “buy” rating and set a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.94.

ILLEGAL ACTIVITY WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.watchlistnews.com/intel-co-intc-stake-lifted-by-lynch-associates-in/1772469.html.

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).

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.