Central Valley Advisors LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

Central Valley Advisors LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 6.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,994 shares of the chip maker’s stock after purchasing an additional 788 shares during the period. Central Valley Advisors LLC’s holdings in Intel were worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirador Capital Partners LP grew its holdings in shares of Intel by 1.5% during the fourth quarter. Mirador Capital Partners LP now owns 103,687 shares of the chip maker’s stock worth $2,079,000 after purchasing an additional 1,566 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Intel by 33.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,906 shares of the chip maker’s stock valued at $279,000 after purchasing an additional 3,519 shares during the last quarter. West Financial Advisors LLC purchased a new position in Intel in the 4th quarter worth approximately $31,000. Sawyer & Company Inc bought a new position in shares of Intel in the 4th quarter worth $32,000. Finally, Armstrong Advisory Group Inc. raised its position in shares of Intel by 28.9% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,383 shares of the chip maker’s stock valued at $148,000 after buying an additional 1,657 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 0.2 %

NASDAQ:INTC opened at $19.69 on Friday. The company has a 50-day moving average price of $21.78 and a 200-day moving average price of $23.47. The company has a quick ratio of 0.97, a current ratio of 1.31 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 $50.30.

Intel (NASDAQ:INTC) last issued 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INTC. Northland Securities cut their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group reduced their price target 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, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Six equities research 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.96.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

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.