Cacti Asset Management LLC Boosts Stake in Intel Co. (NASDAQ:INTC)

Cacti Asset Management LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,100 shares of the chip maker’s stock after buying an additional 7,000 shares during the quarter. Cacti Asset Management LLC’s holdings in Intel were worth $2,440,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Independent Solutions Wealth Management LLC boosted its stake in shares of Intel by 29.5% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 18,895 shares of the chip maker’s stock worth $443,000 after purchasing an additional 4,304 shares during the period. Principal Financial Group Inc. raised its holdings in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Intel by 0.8% in the third quarter. Retirement Systems of Alabama now owns 946,906 shares of the chip maker’s stock worth $22,214,000 after purchasing an additional 7,857 shares during the last quarter. Denver PWM LLC grew its stake in shares of Intel by 752.1% during the third quarter. Denver PWM LLC now owns 26,425 shares of the chip maker’s stock worth $620,000 after acquiring an additional 23,324 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in shares of Intel by 59.6% in the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker’s stock valued at $1,009,000 after acquiring an additional 16,046 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $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 at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on INTC shares. Bank of America reaffirmed an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Mizuho increased their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.04.

Intel Trading Up 1.2 %

INTC traded up $0.25 during trading on Thursday, hitting $20.30. 15,878,368 shares of the company’s stock were exchanged, compared to its average volume of 61,639,930. The stock has a 50 day moving average price of $22.40 and a 200 day moving average price of $24.24. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. 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 has a market cap of $87.55 billion, a P/E ratio of -5.46 and a beta of 1.05.

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 company had revenue of $13.30 billion for the quarter, compared to analyst estimates 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 for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

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.