Intech Investment Management LLC Grows Position in Intel Co. (NASDAQ:INTC)

Intech Investment Management LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 26.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 185,049 shares of the chip maker’s stock after purchasing an additional 38,916 shares during the period. Intech Investment Management LLC’s holdings in Intel were worth $4,341,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Key Financial Inc increased its holdings in Intel by 4.1% during the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after buying an additional 340 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of Intel by 1.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after acquiring an additional 348 shares during the period. Cypress Asset Management Inc. TX raised its position in shares of Intel by 1.6% in the 1st quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock worth $1,015,000 after acquiring an additional 350 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in shares of Intel by 0.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock worth $2,000,000 after purchasing an additional 381 shares during the last quarter. Finally, Alhambra Investment Management LLC boosted its position in Intel by 5.9% during the second quarter. Alhambra Investment Management LLC now owns 7,000 shares of the chip maker’s stock valued at $217,000 after purchasing an additional 389 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Six investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.12.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Stock Up 0.2 %

Shares of INTC opened at $24.50 on Friday. The company has a market capitalization of $105.67 billion, a price-to-earnings ratio of -6.59 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The stock’s 50-day moving average price is $23.19 and its 200-day moving average price is $26.14. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. On average, sell-side analysts predict that Intel Co. will post -0.83 EPS 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.