Frisch Financial Group Inc. Buys 16,220 Shares of Intel Co. (NASDAQ:INTC)

Frisch Financial Group Inc. raised its stake in shares of Intel Co. (NASDAQ:INTC) by 52.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 47,054 shares of the chip maker’s stock after purchasing an additional 16,220 shares during the period. Frisch Financial Group Inc.’s holdings in Intel were worth $1,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Key Financial Inc raised its position in shares of Intel by 4.1% during the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after buying an additional 340 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Intel by 1.4% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after acquiring an additional 348 shares during the last quarter. Cidel Asset Management Inc. raised its position in Intel by 0.6% during the second quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock valued at $2,000,000 after purchasing an additional 381 shares in the last quarter. Everpar Advisors LLC lifted its stake in Intel by 4.6% during the second quarter. Everpar Advisors LLC now owns 9,822 shares of the chip maker’s stock worth $304,000 after purchasing an additional 435 shares during the last quarter. Finally, Dunhill Financial LLC boosted its holdings in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Truist Financial lifted their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Bank of America restated an “underperform” rating and set a $21.00 price target 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 given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.04.

Intel Stock Performance

Shares of INTC stock opened at $20.81 on Tuesday. The company’s fifty day moving average price is $23.29 and its 200-day moving average price is $25.44. The stock has a market cap of $89.75 billion, a PE ratio of -5.59 and a beta of 1.05. 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 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for 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 company’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities analysts expect 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 Intel 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 completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

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.