Meyer Handelman Co. Grows Position in Intel Co. (INTC)

Meyer Handelman Co. boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 810,709 shares of the chip maker’s stock after purchasing an additional 20,083 shares during the period. Intel comprises about 1.4% of Meyer Handelman Co.’s investment portfolio, making the stock its 20th biggest position. Meyer Handelman Co.’s holdings in Intel were worth $30,872,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC increased its holdings in shares of Intel by 5.6% in the third quarter. Aperio Group LLC now owns 3,629,825 shares of the chip maker’s stock worth $138,224,000 after purchasing an additional 191,839 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in shares of Intel in the third quarter worth about $306,000. Founders Capital Management LLC increased its holdings in shares of Intel by 2.2% in the third quarter. Founders Capital Management LLC now owns 267,780 shares of the chip maker’s stock worth $10,197,000 after purchasing an additional 5,687 shares during the last quarter. Community Financial Services Group LLC increased its holdings in shares of Intel by 8.1% in the third quarter. Community Financial Services Group LLC now owns 61,229 shares of the chip maker’s stock worth $2,332,000 after purchasing an additional 4,603 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Intel by 16.1% in the third quarter. TCI Wealth Advisors Inc. now owns 22,756 shares of the chip maker’s stock worth $867,000 after purchasing an additional 3,163 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.

Intel Co. (INTC) opened at $43.24 on Friday. The stock has a market capitalization of $202,220.00, a price-to-earnings ratio of 15.17, a PEG ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel Co. has a 12-month low of $33.23 and a 12-month high of $47.64.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 22.65% and a net margin of 22.31%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. equities research analysts anticipate that Intel Co. will post 3.25 EPS for the current year.

In related news, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Insiders own 0.08% of the company’s stock.

INTC has been the topic of several research reports. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, September 22nd. Stifel Nicolaus lifted their target price on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Sanford C. Bernstein set a $34.00 price objective on Intel and gave the stock a “sell” rating in a research note on Friday, October 27th. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, Instinet boosted their price objective on Intel to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target 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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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