Intel Co. (INTC) Stake Lessened by Keeley Teton Advisors LLC

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Keeley Teton Advisors LLC cut its position in Intel Co. (NASDAQ:INTC) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,435 shares of the chip maker’s stock after selling 3,000 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Intel were worth $2,328,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BancorpSouth Bank bought a new position in Intel in the fourth quarter worth about $6,306,000. Epstein & White Financial LLC bought a new position in Intel in the fourth quarter worth about $262,000. Whalerock Point Partners LLC raised its holdings in Intel by 32.8% in the fourth quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock worth $1,730,000 after purchasing an additional 9,250 shares in the last quarter. Berkshire Asset Management LLC PA raised its holdings in Intel by 9.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock worth $20,477,000 after purchasing an additional 36,802 shares in the last quarter. Finally, James Hambro & Partners bought a new position in Intel in the fourth quarter worth about $305,000. Institutional investors and hedge funds own 66.85% of the company’s stock.

In other Intel news, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $52.19, for a total value of $31,366.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 6,746 shares of the stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $52.52, for a total value of $354,299.92. Following the transaction, the chief executive officer now owns 264,084 shares in the company, valued at approximately $13,869,691.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,192 shares of company stock worth $693,559. Insiders own 0.03% of the company’s stock.

A number of equities analysts have commented on INTC shares. Nomura boosted their target price on shares of Intel from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Vetr upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $54.41 price objective on the stock in a report on Monday, March 12th. Robert W. Baird restated a “buy” rating and set a $62.00 price objective on shares of Intel in a report on Monday, March 26th. Bank of America restated a “buy” rating and set a $61.00 price objective (up previously from $52.00) on shares of Intel in a report on Thursday, March 8th. Finally, ValuEngine downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.78.

Intel opened at $52.50 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58. Intel Co. has a 12 month low of $33.23 and a 12 month high of $57.60. The company has a market capitalization of $244.16 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.59 and a beta of 0.95.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.15. Intel had a return on equity of 25.41% and a net margin of 17.32%. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. sell-side analysts expect that Intel Co. will post 3.89 earnings per share for the current year.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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