IHT Wealth Management LLC Buys 20,453 Shares of Intel Co. (NASDAQ:INTC)

IHT Wealth Management LLC raised its stake in shares of Intel Co. (NASDAQ:INTC) by 12.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 189,839 shares of the chip maker’s stock after acquiring an additional 20,453 shares during the quarter. IHT Wealth Management LLC’s holdings in Intel were worth $4,403,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new position in Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the second quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the second quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in Intel during the second quarter worth $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction 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 directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday. Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.04.

Intel Stock Performance

INTC stock opened at $22.47 on Wednesday. The company has a market cap of $96.91 billion, a P/E ratio of -6.04 and a beta of 1.05. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The business’s fifty day moving average is $23.50 and its 200-day moving average is $25.73. 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 posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

About Intel

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.