Orrstown Financial Services Inc. Lowers Holdings in Intel Co. (NASDAQ:INTC)


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Orrstown Financial Services Inc. trimmed its position in Intel Co. (NASDAQ:INTC) by 64.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,645 shares of the chip maker’s stock after selling 10,188 shares during the period. Orrstown Financial Services Inc.’s holdings in Intel were worth $281,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Baron Financial Group LLC purchased a new stake in shares of Intel during the 3rd quarter worth $34,000. Holloway Wealth Management LLC purchased a new stake in shares of Intel during the 3rd quarter worth $41,000. Demars Financial Group LLC purchased a new stake in shares of Intel during the 2nd quarter worth $43,000. Grace Capital purchased a new stake in shares of Intel during the 3rd quarter worth $53,000. Finally, NuWave Investment Management LLC boosted its position in shares of Intel by 400.0% in the 4th quarter. NuWave Investment Management LLC now owns 1,205 shares of the chip maker’s stock worth $60,000 after buying an additional 964 shares in the last quarter. Hedge funds and other institutional investors own 60.73% of the company’s stock.

In other Intel news, EVP Navin Shenoy sold 2,848 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $44.96, for a total value of $128,046.08. Following the sale, the executive vice president now owns 72,272 shares of the company’s stock, valued at approximately $3,249,349.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin Thomas Mcbride sold 589 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $44.96, for a total value of $26,481.44. Following the completion of the sale, the vice president now directly owns 14,486 shares in the company, valued at approximately $651,290.56. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Several equities research analysts recently commented on INTC shares. Bank of America lowered shares of Intel to a “sell” rating and set a $45.00 price objective on the stock. in a research report on Tuesday, December 15th. BidaskClub lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, December 22nd. Royal Bank of Canada set a $40.00 price objective on shares of Intel and gave the stock a “sell” rating in a research report on Wednesday. Zacks Investment Research raised shares of Intel from a “sell” rating to a “hold” rating and set a $49.00 target price for the company in a research note on Tuesday, December 22nd. Finally, 140166 boosted their target price on shares of Intel from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Eleven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have issued a buy rating to the stock. Intel has an average rating of “Hold” and a consensus target price of $58.22.

Shares of INTC stock opened at $56.95 on Thursday. The stock’s 50 day simple moving average is $49.47 and its 200 day simple moving average is $50.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.24 and a current ratio of 1.66. Intel Co. has a twelve month low of $43.61 and a twelve month high of $69.29. The company has a market capitalization of $233.38 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.36 and a beta of 0.74.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 22nd. The chip maker reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.01. The business had revenue of $18.33 billion for the quarter, compared to the consensus estimate of $18.26 billion. Intel had a return on equity of 29.44% and a net margin of 28.10%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.42 EPS. On average, analysts forecast that Intel Co. will post 4.89 EPS for the current fiscal year.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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