Ashton Thomas Private Wealth LLC Increases Stock Position in Intel Co. (NASDAQ:INTC)

Ashton Thomas Private Wealth LLC increased its position in Intel Co. (NASDAQ:INTC) by 10.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 41,468 shares of the chip maker’s stock after buying an additional 4,089 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Intel were worth $973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC raised its holdings in Intel by 1.1% in the first quarter. HBK Sorce Advisory LLC now owns 43,164 shares of the chip maker’s stock valued at $1,907,000 after buying an additional 470 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of Intel by 1.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 100,220 shares of the chip maker’s stock valued at $4,427,000 after acquiring an additional 1,900 shares during the period. Trillium Asset Management LLC raised its stake in shares of Intel by 28.5% in the 1st quarter. Trillium Asset Management LLC now owns 589,654 shares of the chip maker’s stock valued at $26,045,000 after acquiring an additional 130,796 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Intel by 1.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 41,162 shares of the chip maker’s stock valued at $1,818,000 after acquiring an additional 588 shares in the last quarter. Finally, Great Lakes Retirement Inc. boosted its position in Intel by 3.4% during the 1st quarter. Great Lakes Retirement Inc. now owns 25,864 shares of the chip maker’s stock worth $1,142,000 after purchasing an additional 841 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Roth Mkm reduced their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Mizuho upped their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $30.12.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.92 on Thursday. The company has a market cap of $107.48 billion, a PE ratio of -6.70 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The firm has a 50-day simple moving average of $22.36 and a 200 day simple moving average of $26.43. 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) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company 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 firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. On average, sell-side analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

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.