Gordian Capital Singapore Pte Ltd Increases Stake in Intel Co. (NASDAQ:INTC)

Gordian Capital Singapore Pte Ltd increased its holdings in Intel Co. (NASDAQ:INTC) by 31.8% during the third quarter, Holdings Channel.com reports. The firm owned 29,000 shares of the chip maker’s stock after acquiring an additional 7,000 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Intel were worth $680,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in Intel during the 2nd quarter valued at $2,178,000. Swiss National Bank increased its position in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after buying an additional 31,800 shares during the period. Fortis Group Advisors LLC raised its stake in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its holdings in Intel by 2,910.4% in the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after buying an additional 27,940 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in Intel by 104.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 60,831 shares of the chip maker’s stock valued at $1,427,000 after acquiring an additional 31,143 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INTC. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. TD Cowen upgraded shares of Intel to a “hold” rating in a research note on Monday, September 16th. Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Bank of America reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.04.

Intel Price Performance

Shares of Intel stock opened at $20.92 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $23.34 and its two-hundred day moving average is $25.51.

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

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s 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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel 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.