EntryPoint Capital LLC Invests $118,000 in Intel Co. (NASDAQ:INTC)

EntryPoint Capital LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,677 shares of the chip maker’s stock, valued at approximately $118,000.

Other large investors also recently added to or reduced their stakes in the company. Barrett & Company Inc. raised its position in Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the period. Waldron Private Wealth LLC raised its holdings in shares of Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares during the period. Spreng Capital Management Inc. lifted its stake in shares of Intel by 1.3% during the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after acquiring an additional 246 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Intel by 4.3% during the 4th quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock valued at $300,000 after acquiring an additional 246 shares during the period. Finally, Lester Murray Antman dba SimplyRich grew its position in Intel by 1.1% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock valued at $1,114,000 after acquiring an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Evercore ISI lowered their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. UBS Group raised their target price on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Wedbush lowered their price target on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Sanford C. Bernstein reduced their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.25.

Intel Trading Up 0.8 %

Shares of Intel stock opened at $31.35 on Friday. The firm’s 50 day simple moving average is $31.63 and its two-hundred day simple moving average is $37.51. The firm has a market capitalization of $133.46 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 18.61 and a beta of 1.05. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Analysts predict that Intel Co. will post 0.07 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.