Hutchinson Capital Management CA Has $20.94 Million Holdings in Intel Co. (INTC)

Hutchinson Capital Management CA raised its holdings in Intel Co. (NASDAQ:INTC) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 549,954 shares of the chip maker’s stock after buying an additional 14,807 shares during the period. Intel makes up approximately 5.6% of Hutchinson Capital Management CA’s portfolio, making the stock its 4th largest position. Hutchinson Capital Management CA’s holdings in Intel were worth $20,942,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Intel by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 29 shares in the last quarter. Conservest Capital Advisors Inc. raised its holdings in shares of Intel by 0.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 51 shares in the last quarter. Paradigm Financial Advisors LLC raised its holdings in shares of Intel by 0.3% in the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after purchasing an additional 67 shares in the last quarter. Bank of Stockton raised its holdings in shares of Intel by 0.4% in the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after purchasing an additional 72 shares in the last quarter. Finally, Marathon Capital Management raised its holdings in shares of Intel by 0.7% in the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after purchasing an additional 80 shares in the last quarter. 67.56% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on INTC. Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the company a “sell” rating in a report on Wednesday, January 10th. Wells Fargo & Co restated an “outperform” rating and issued a $50.00 price objective (up from $45.00) on shares of Intel in a report on Friday, October 27th. SunTrust Banks restated a “hold” rating and issued a $43.00 price objective (up from $39.00) on shares of Intel in a report on Friday, October 27th. Royal Bank of Canada set a $44.00 price target on shares of Intel and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Finally, B. Riley reiterated a “buy” rating and set a $53.00 price target on shares of Intel in a research note on Thursday, January 4th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Intel presently has a consensus rating of “Buy” and an average target price of $44.78.

In other news, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of Intel stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the completion of the sale, the executive vice president now directly owns 110,850 shares in the company, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,487,054 shares of company stock worth $65,800,132. Insiders own 0.08% of the company’s stock.

Intel Co. (INTC) traded down $0.17 during midday trading on Monday, reaching $43.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The firm has a market cap of $202,360.00, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.56 and a beta of 1.06. Intel Co. has a twelve month low of $33.23 and a twelve month high of $47.64.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ 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 business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. research analysts expect that Intel Co. will post 3.25 earnings per share for the current year.

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Intel Company 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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