Dempze Nancy E Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

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Dempze Nancy E trimmed its position in Intel Co. (NASDAQ:INTC) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,870 shares of the chip maker’s stock after selling 200 shares during the period. Intel comprises 1.6% of Dempze Nancy E’s portfolio, making the stock its 28th biggest holding. Dempze Nancy E’s holdings in Intel were worth $1,428,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Tower View Investment Management & Research LLC bought a new position in shares of Intel in the fourth quarter worth about $31,000. Corbenic Partners LLC bought a new position in shares of Intel in the fourth quarter worth about $41,000. Intercontinental Wealth Advisors LLC raised its stake in shares of Intel by 83.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after buying an additional 450 shares during the period. Lenox Wealth Advisors LLC raised its stake in shares of Intel by 117.4% in the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after buying an additional 540 shares during the period. Finally, Garrett Wealth Advisory Group LLC bought a new position in shares of Intel in the third quarter worth about $62,000. 65.28% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. SunTrust Banks lifted their target price on Intel from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Loop Capital set a $50.00 target price on Intel and gave the company a “hold” rating in a research note on Friday, October 18th. UBS Group set a $60.00 target price on Intel and gave the company a “buy” rating in a research note on Friday, October 25th. Goldman Sachs Group reissued a “sell” rating and set a $48.00 target price on shares of Intel in a research note on Friday, October 25th. Finally, Wedbush lifted their target price on Intel from $42.90 to $46.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.66.

NASDAQ:INTC opened at $58.94 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. Intel Co. has a 1 year low of $42.86 and a 1 year high of $60.97. The stock’s 50 day simple moving average is $58.52 and its two-hundred day simple moving average is $53.05. The company has a market cap of $258.52 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.68 and a beta of 0.91.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.18. Intel had a return on equity of 28.28% and a net margin of 27.46%. The business had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.07 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The company’s revenue was up .1% compared to the same quarter last year. As a group, analysts anticipate that Intel Co. will post 4.61 EPS for the current year.

Intel declared that its Board of Directors has approved a share buyback program on Thursday, October 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the chip maker to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

In other news, Director Frank D. Yeary sold 12,545 shares of Intel stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $60.35, for a total value of $757,090.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz bought 86,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $58.24 per share, with a total value of $5,037,760.00. Following the acquisition, the director now owns 137,720 shares in the company, valued at approximately $8,020,812.80. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 81,284 shares of company stock worth $4,517,194. Corporate insiders own 0.02% of the company’s stock.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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