Intel Co. (NASDAQ:INTC) Shares Bought by Wealth Quarterback LLC

Wealth Quarterback LLC raised its position in Intel Co. (NASDAQ:INTC) by 246.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 24,950 shares of the chip maker’s stock after acquiring an additional 17,749 shares during the quarter. Wealth Quarterback LLC’s holdings in Intel were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new position in Intel during the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC bought a new position in Intel during the 2nd quarter valued at $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the 2nd quarter valued at $31,000. Financial Connections Group Inc. bought a new stake in shares of Intel in the 2nd quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Intel in the second quarter valued at $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. Finally, Susquehanna reduced their target price on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Trading Down 0.1 %

Shares of Intel stock opened at $26.20 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The stock has a market capitalization of $113.00 billion, a P/E ratio of -7.04 and a beta of 1.03. The company has a 50-day simple moving average of $22.22 and a 200 day simple moving average of $26.66. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the firm posted $0.28 EPS. The business’s revenue was down 6.3% on a year-over-year basis. Research analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by company insiders.

Intel Company Profile

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.