2,031 Shares in Intel Co. (NASDAQ:INTC) Bought by Darwin Wealth Management LLC

Darwin Wealth Management LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,031 shares of the chip maker’s stock, valued at approximately $48,000.

Other large investors have also bought and sold shares of the company. Primecap Management Co. CA increased its holdings in Intel by 2.2% in the 2nd quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock worth $2,410,166,000 after acquiring an additional 1,697,550 shares during the last quarter. Van ECK Associates Corp grew its holdings in Intel by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock valued at $967,426,000 after buying an additional 9,422,136 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Intel by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock valued at $1,759,811,000 after acquiring an additional 2,457,243 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Intel by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker’s stock valued at $1,161,779,000 after acquiring an additional 487,191 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Intel by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,512,863 shares of the chip maker’s stock valued at $759,127,000 after acquiring an additional 656,583 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 0.8 %

Shares of NASDAQ:INTC opened at $24.01 on Thursday. The business’s 50 day simple moving average is $23.00 and its 200-day simple moving average is $26.20. 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 Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group dropped their target price on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. HSBC cut Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, Roth Mkm dropped their target price on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six research 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.12.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.

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.