Oregon Public Employees Retirement Fund Grows Stake in Intel Co. (INTC)

Oregon Public Employees Retirement Fund lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 2,005,427 shares of the chip maker’s stock after acquiring an additional 26,109 shares during the quarter. Intel comprises 1.2% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 5th largest holding. Oregon Public Employees Retirement Fund’s holdings in Intel were worth $76,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Papp L Roy & Associates raised its position in Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after buying an additional 800 shares during the last quarter. Crescent Grove Advisors LLC acquired a new stake in Intel in the 2nd quarter valued at approximately $555,000. United Bank raised its position in Intel by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after buying an additional 22,765 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Intel by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after buying an additional 9,746 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its position in Intel by 15.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after buying an additional 16,340 shares during the last quarter. 67.56% of the stock is currently owned by institutional investors.

Intel Co. (NASDAQ:INTC) opened at $44.39 on Thursday. The firm has a market capitalization of $207,750.00, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $47.64.

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 the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. equities research analysts anticipate that Intel Co. will post 3.25 earnings per share for the current fiscal year.

In other news, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the transaction, the chairman now owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock valued at $65,800,132 over the last ninety days. Insiders own 0.08% of the company’s stock.

A number of research analysts have weighed in on INTC shares. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Friday, September 22nd. Canaccord Genuity raised their price target on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price target on Intel and gave the company a “buy” rating in a research note on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. Finally, Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target for the company. in a research note on Wednesday. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $44.77.

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Intel Company 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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