Camden National Bank Sells 541 Shares of Intel Co. (NASDAQ:INTC)

Camden National Bank decreased its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,317 shares of the chip maker’s stock after selling 541 shares during the period. Camden National Bank’s holdings in Intel were worth $4,569,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of INTC. Apeiron RIA LLC bought a new stake in Intel during the second quarter worth about $26,000. Grayhawk Investment Strategies Inc. bought a new stake in Intel during the second quarter worth about $36,000. Steward Financial Group LLC boosted its stake in Intel by 667.0% during the second quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock worth $29,000 after acquiring an additional 687 shares in the last quarter. Lumature Wealth Partners LLC boosted its stake in Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after acquiring an additional 490 shares in the last quarter. Finally, Islay Capital Management LLC bought a new stake in Intel during the third quarter worth about $26,000. Institutional investors own 59.48% of the company’s stock.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 8,830 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were bought at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the purchase, the chief executive officer now directly owns 96,049 shares in the company, valued at $2,704,739.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intel news, Director Lip Bu Tan purchased 48,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $27.98 per share, with a total value of $1,347,125.08. Following the completion of the purchase, the director now directly owns 50,500 shares in the company, valued at $1,412,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 8,830 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the purchase, the chief executive officer now owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 58,830 shares of company stock valued at $1,646,744 over the last 90 days. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

INTC has been the subject of several recent analyst reports. Roth Capital decreased their target price on shares of Intel from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, October 28th. HSBC initiated coverage on shares of Intel in a report on Monday, October 24th. They issued a “reduce” rating and a $23.00 target price for the company. Rosenblatt Securities decreased their target price on shares of Intel from $30.00 to $20.00 and set a “sell” rating for the company in a report on Friday, October 28th. Cowen began coverage on shares of Intel in a report on Monday, November 21st. They issued a “market perform” rating and a $31.00 target price for the company. Finally, Cowen began coverage on shares of Intel in a report on Monday, November 21st. They set a “market perform” rating and a $31.00 price objective for the company. Ten investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.29.

Intel Price Performance

Shares of NASDAQ:INTC opened at $29.92 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.31 and a current ratio of 1.77. The firm has a fifty day moving average price of $28.42 and a 200 day moving average price of $30.46. Intel Co. has a fifty-two week low of $24.59 and a fifty-two week high of $52.72. The firm has a market cap of $123.48 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.26 and a beta of 0.77.

Intel (NASDAQ:INTCGet Rating) last issued its earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.25. Intel had a net margin of 19.13% and a return on equity of 11.67%. The firm had revenue of $15.34 billion during the quarter, compared to analyst estimates of $15.49 billion. As a group, sell-side analysts expect that Intel Co. will post 1.95 earnings per share for the current fiscal year.

Intel Profile

(Get Rating)

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

Read More

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:INTCGet Rating).

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.