Intel Co. (NASDAQ:INTC) Shares Purchased by Premier Fund Managers Ltd

Premier Fund Managers Ltd boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 62.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,678 shares of the chip maker’s stock after purchasing an additional 95,429 shares during the period. Premier Fund Managers Ltd’s holdings in Intel were worth $5,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in INTC. Guardian Capital Advisors LP boosted its stake in shares of Intel by 2.1% in the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after buying an additional 328 shares during the last quarter. Key Financial Inc boosted its position in Intel by 4.1% in the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock worth $269,000 after purchasing an additional 340 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of Intel by 1.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock worth $767,000 after purchasing an additional 348 shares during the period. Cypress Asset Management Inc. TX increased its holdings in shares of Intel by 1.6% during the 1st quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock valued at $1,015,000 after purchasing an additional 350 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in shares of Intel by 0.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock valued at $2,000,000 after purchasing an additional 381 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $24.20 on Wednesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The firm has a market capitalization of $104.37 billion, a P/E ratio of -6.51 and a beta of 1.03. The stock’s fifty day moving average is $22.91 and its two-hundred day moving average is $26.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last announced its quarterly 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 net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Roth Mkm dropped their target price on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, HSBC cut Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.12.

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.