Intel Co. (NASDAQ:INTC) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in Intel Co. (NASDAQ:INTC) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,628 shares of the chip maker’s stock after acquiring an additional 10,792 shares during the period. Metis Global Partners LLC’s holdings in Intel were worth $5,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel in the second quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel in the second quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Intel during the second quarter worth approximately $33,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Price Performance

Shares of NASDAQ:INTC opened at $25.09 on Thursday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The firm has a market capitalization of $108.21 billion, a price-to-earnings ratio of -6.70 and a beta of 1.03. The business’s 50 day simple moving average is $22.47 and its 200-day simple moving average is $26.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm 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 quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. As a group, equities analysts forecast that Intel Co. will post -0.83 earnings per share for the current fiscal 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.