White Knight Strategic Wealth Advisors LLC Buys New Position in Intel Co. (NASDAQ:INTC)

White Knight Strategic Wealth Advisors LLC purchased a new stake in Intel Co. (NASDAQ:INTC) in the third quarter, Holdings Channel.com reports. The fund purchased 13,215 shares of the chip maker’s stock, valued at approximately $310,000.

Other large investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of Intel by 262.9% in the 1st quarter. Cetera Investment Advisers now owns 787,130 shares of the chip maker’s stock worth $34,768,000 after buying an additional 570,249 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in Intel by 2.8% in the first quarter. Cetera Advisor Networks LLC now owns 375,268 shares of the chip maker’s stock worth $16,576,000 after purchasing an additional 10,272 shares during the last quarter. First Hawaiian Bank grew its stake in Intel by 2.1% in the 2nd quarter. First Hawaiian Bank now owns 44,830 shares of the chip maker’s stock valued at $1,388,000 after purchasing an additional 940 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of Intel by 3.7% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 32,627 shares of the chip maker’s stock valued at $1,010,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Intel by 3.6% during the 2nd quarter. Moody National Bank Trust Division now owns 42,407 shares of the chip maker’s stock worth $1,313,000 after purchasing an additional 1,471 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC stock opened at $24.05 on Friday. The firm has a 50 day simple moving average of $23.48 and a two-hundred day simple moving average of $25.93. The stock has a market cap of $103.73 billion, a PE ratio of -6.47 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) 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 period in the prior year, the company earned $0.28 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Wedbush dropped their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $30.12.

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.