Lynch & Associates IN Buys 904 Shares of Intel Co. (NASDAQ:INTC)

Lynch & Associates IN raised its stake in shares of Intel Co. (NASDAQ:INTC) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,940 shares of the chip maker’s stock after acquiring an additional 904 shares during the period. Lynch & Associates IN’s holdings in Intel were worth $460,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INTC. William B. Walkup & Associates Inc. bought a new stake in Intel in the 2nd quarter worth about $2,178,000. Geode Capital Management LLC lifted its holdings in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. Principal Financial Group Inc. boosted its position 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 during the last quarter. Swiss National Bank grew its stake in Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares during the period. Finally, SGL Investment Advisors Inc. purchased a new stake in shares of Intel during the 3rd quarter valued at $2,365,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 3.7 %

Shares of Intel stock traded down $0.73 on Friday, hitting $19.15. The stock had a trading volume of 71,068,372 shares, compared to its average volume of 59,652,922. The stock’s 50-day simple moving average is $22.12 and its two-hundred day simple moving average is $23.83. Intel Co. has a one year low of $18.51 and a one year high of $50.30. 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 stock has a market cap of $82.59 billion, a price-to-earnings ratio of -5.15 and a beta of 1.07.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, sell-side analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research reports. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus restated a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Finally, Truist Financial upped their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.96.

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.