State of Wisconsin Investment Board Acquires 680,293 Shares of Intel Co. (INTC)

State of Wisconsin Investment Board lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 13.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,748,705 shares of the chip maker’s stock after buying an additional 680,293 shares during the period. Intel makes up about 0.6% of State of Wisconsin Investment Board’s portfolio, making the stock its 23rd biggest holding. State of Wisconsin Investment Board’s holdings in Intel were worth $218,911,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Acrospire Investment Management LLC increased its stake in Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the period. JFS Wealth Advisors LLC increased its stake in Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares during the period. Winfield Associates Inc. increased its stake in Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the period. Burt Wealth Advisors increased its stake in Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after buying an additional 3,471 shares during the period. Finally, Family Capital Trust Co increased its stake in Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds own 67.54% of the company’s stock.

Shares of Intel Co. (INTC) opened at $43.24 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64. The firm has a market cap of $202,363.20, a PE ratio of 15.12, a P/E/G ratio of 1.56 and a beta of 1.06.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. research analysts expect that Intel Co. will post 3.25 earnings per share for the current year.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane M. Bryant sold 570 shares of the business’s 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 sale, the executive vice president now directly owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. Insiders own 0.08% of the company’s stock.

INTC has been the topic of several analyst reports. Mizuho reaffirmed a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Intel in a research note on Monday, October 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel in a research note on Friday, October 27th. Stifel Nicolaus lifted their price target on shares of Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Friday, September 22nd. Finally, Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target on the stock. in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $44.78.

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Intel 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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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