Catalyst Capital Advisors LLC Buys 45,432 Shares of Intel Co. (NASDAQ:INTC)

Catalyst Capital Advisors LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 1,110.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,522 shares of the chip maker’s stock after purchasing an additional 45,432 shares during the period. Catalyst Capital Advisors LLC’s holdings in Intel were worth $1,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rational Advisors LLC bought a new position in Intel in the third quarter valued at about $246,000. Arlington Capital Management Inc. grew its stake in shares of Intel by 4.4% during the 3rd quarter. Arlington Capital Management Inc. now owns 41,790 shares of the chip maker’s stock valued at $980,000 after purchasing an additional 1,747 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Intel by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,752,155 shares of the chip maker’s stock valued at $41,106,000 after purchasing an additional 34,061 shares during the last quarter. National Pension Service lifted its stake in shares of Intel by 13.0% in the 3rd quarter. National Pension Service now owns 8,262,173 shares of the chip maker’s stock worth $193,831,000 after purchasing an additional 951,230 shares during the period. Finally, Forum Financial Management LP boosted its holdings in shares of Intel by 11.3% in the third quarter. Forum Financial Management LP now owns 73,610 shares of the chip maker’s stock worth $1,727,000 after buying an additional 7,501 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTC. Mizuho increased their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Daiwa America upgraded Intel to a “hold” rating in a research report on Monday, August 26th. Cantor Fitzgerald dropped their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Morgan Stanley reduced their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Six research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.12.

Intel Trading Up 3.6 %

INTC opened at $23.32 on Wednesday. The firm has a market cap of $99.72 billion, a P/E ratio of -6.27 and a beta of 1.03. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $21.90 and a 200 day moving average of $26.73.

Intel (NASDAQ:INTC) last announced its quarterly 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 company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $0.28 earnings per share. As a group, research analysts forecast that Intel Co. will post -0.47 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.