Thompson Siegel & Walmsley LLC Raises Stock Position in Intel Co. (NASDAQ:INTC)

Thompson Siegel & Walmsley LLC lifted its position in Intel Co. (NASDAQ:INTC) by 95.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,076 shares of the chip maker’s stock after purchasing an additional 12,711 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Intel were worth $612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. Epoch Investment Partners Inc. lifted its holdings in Intel by 20.1% during the first quarter. Epoch Investment Partners Inc. now owns 70,469 shares of the chip maker’s stock worth $3,113,000 after buying an additional 11,803 shares during the period. Lazard Asset Management LLC grew its position in Intel by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 284,044 shares of the chip maker’s stock worth $12,544,000 after purchasing an additional 13,506 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Intel by 19.9% during the 1st quarter. Kestra Advisory Services LLC now owns 527,055 shares of the chip maker’s stock valued at $23,280,000 after purchasing an additional 87,319 shares during the last quarter. BOKF NA increased its holdings in Intel by 0.5% in the 1st quarter. BOKF NA now owns 178,926 shares of the chip maker’s stock worth $7,966,000 after buying an additional 891 shares during the period. Finally, Ceeto Capital Group LLC raised its position in Intel by 8.7% during the 1st quarter. Ceeto Capital Group LLC now owns 12,500 shares of the chip maker’s stock worth $552,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Roth Mkm reduced their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. UBS Group cut their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Daiwa America raised Intel to a “hold” rating in a report on Monday, August 26th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.12.

Insider Activity

In related 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Up 0.2 %

Shares of NASDAQ:INTC opened at $24.50 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $23.19 and a two-hundred day moving average of $26.14. The stock has a market cap of $105.67 billion, a P/E ratio of -6.59 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, research analysts expect that Intel Co. will post -0.83 earnings per share for the current year.

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.