Jacobs Levy Equity Management Inc. Raises Position in Intel Co. (NASDAQ:INTC)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 224.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,413,544 shares of the chip maker’s stock after purchasing an additional 7,207,785 shares during the period. Intel makes up approximately 0.9% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 15th largest position. Jacobs Levy Equity Management Inc.’s holdings in Intel were worth $244,302,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the 2nd quarter valued at approximately $27,000. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in Intel during the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new position in Intel during the 2nd quarter worth $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.5 %

Shares of INTC stock opened at $23.93 on Tuesday. 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 Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The stock’s fifty day moving average price is $23.50 and its two-hundred day moving average price is $25.80.

Intel (NASDAQ:INTC) last issued its 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INTC shares. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Stifel Nicolaus reissued 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. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Six 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.12.

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.