Insight 2811 Inc. Purchases 1,950 Shares of Intel Co. (NASDAQ:INTC)

Insight 2811 Inc. grew its position in Intel Co. (NASDAQ:INTC) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,731 shares of the chip maker’s stock after purchasing an additional 1,950 shares during the period. Insight 2811 Inc.’s holdings in Intel were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Capital Advisors LP lifted its stake in Intel by 2.1% during the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after purchasing an additional 328 shares during the last quarter. Key Financial Inc lifted its holdings 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 buying an additional 340 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in Intel by 1.4% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after acquiring an additional 348 shares in the last quarter. Cypress Asset Management Inc. TX increased its position in shares of Intel by 1.6% during the first quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock valued at $1,015,000 after buying an additional 350 shares during the period. Finally, Cidel Asset Management Inc. raised its position 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 worth $2,000,000 after acquiring an additional 381 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 0.9 %

NASDAQ:INTC traded down $0.23 during mid-day trading on Friday, hitting $24.80. 5,220,669 shares of the stock traded hands, compared to its average volume of 59,838,051. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $106.96 billion, a price-to-earnings ratio of -6.62 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The firm’s 50 day moving average is $22.58 and its two-hundred day moving average is $26.41.

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

Insider Activity

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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on INTC. Barclays dropped their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. HSBC cut Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Raymond James downgraded Intel from an “outperform” rating to a “market perform” 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.12.

Intel Company 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.