Oliver Luxxe Assets LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,489 shares of the chip maker’s stock after acquiring an additional 1,478 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Intel were worth $2,380,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares during the last quarter. Capital World Investors boosted its holdings in shares of Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Intel by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock valued at $1,707,253,000 after buying an additional 177,919 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Intel by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 25,508,803 shares of the chip maker’s stock valued at $860,658,000 after buying an additional 412,747 shares during the last quarter. 67.55% of the stock is owned by hedge funds and other institutional investors.

Intel Co. (INTC) opened at $46.70 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $218,560.00, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06. Intel Co. has a 12-month low of $33.23 and a 12-month high of $47.64.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion for 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 quarter last year, the business earned $0.80 EPS. sell-side analysts forecast that Intel Co. will post 3.25 earnings per share for the current fiscal year.

In related news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the completion of the transaction, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,914 shares of company stock worth $68,196,589 in the last quarter. Company insiders own 0.08% of the company’s stock.

Several research firms have recently commented on INTC. Royal Bank of Canada reissued a “sector perform” rating and issued a $40.00 price objective (up previously from $37.00) on shares of Intel in a report on Friday, October 6th. KeyCorp reissued a “buy” rating and issued a $50.00 price objective on shares of Intel in a report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective on shares of Intel in a report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and issued a $45.00 price objective on shares of Intel in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Intel currently has a consensus rating of “Buy” and a consensus price target of $43.94.

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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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