Intel Co. (NASDAQ:INTC) Shares Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. increased its stake in shares of Intel Co. (NASDAQ:INTC) by 90.6% during the 3rd quarter, Holdings Channel reports. The fund owned 276,133 shares of the chip maker’s stock after purchasing an additional 131,251 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Intel were worth $6,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. America First Investment Advisors LLC acquired a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel during the 2nd quarter valued at approximately $27,000. Quest Partners LLC grew its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Spartan Fund Management Inc. acquired a new position in Intel during the second quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new position in Intel during the second quarter valued at $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on INTC shares. StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. Mizuho raised their price objective on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Stock Down 0.5 %

Shares of NASDAQ INTC opened at $23.93 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The firm’s 50 day simple moving average is $23.50 and its two-hundred day simple moving average is $25.80.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

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.