Meeder Advisory Services Inc. Has $1.21 Million Holdings in Intel Co. (NASDAQ:INTC)

Meeder Advisory Services Inc. cut its position in Intel Co. (NASDAQ:INTC) by 16.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 51,645 shares of the chip maker’s stock after selling 10,461 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Intel were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTC. William B. Walkup & Associates Inc. acquired a new position in shares of Intel during the second quarter valued at about $2,178,000. Swiss National Bank grew its holdings in shares of Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares during the last quarter. Fortis Group Advisors LLC increased its holdings in shares of Intel by 1,052.9% during the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares in the last quarter. Mizuho Securities Co. Ltd. raised its position in Intel by 2,910.4% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after purchasing an additional 27,940 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new position in Intel during the 3rd quarter worth about $8,045,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Stifel Nicolaus reaffirmed 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, TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

NASDAQ:INTC opened at $24.84 on Tuesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm’s fifty day simple moving average is $22.80 and its 200 day simple moving average is $26.26. 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 $107.13 billion, a P/E ratio of -6.68 and a beta of 1.03.

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

Insider Activity at Intel

In other Intel 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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.