Intech Investment Management LLC Grows Stock Position in Intel Co. (NASDAQ:INTC)

Intech Investment Management LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 26.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,049 shares of the chip maker’s stock after buying an additional 38,916 shares during the quarter. Intech Investment Management LLC’s holdings in Intel were worth $4,341,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in INTC. Epoch Investment Partners Inc. lifted its position in Intel by 20.1% during the first quarter. Epoch Investment Partners Inc. now owns 70,469 shares of the chip maker’s stock valued at $3,113,000 after purchasing an additional 11,803 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Intel by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 284,044 shares of the chip maker’s stock valued at $12,544,000 after acquiring an additional 13,506 shares during the period. Kestra Advisory Services LLC increased its holdings in Intel by 19.9% in the 1st quarter. Kestra Advisory Services LLC now owns 527,055 shares of the chip maker’s stock worth $23,280,000 after acquiring an additional 87,319 shares in the last quarter. BOKF NA raised its stake in Intel by 0.5% during the 1st quarter. BOKF NA now owns 178,926 shares of the chip maker’s stock worth $7,966,000 after acquiring an additional 891 shares during the period. Finally, Ceeto Capital Group LLC lifted its holdings in Intel by 8.7% during the first quarter. Ceeto Capital Group LLC now owns 12,500 shares of the chip maker’s stock valued at $552,000 after purchasing an additional 1,000 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 0.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Roth Mkm lowered their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Wedbush cut their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Susquehanna lowered their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Price Performance

INTC stock opened at $24.50 on Friday. The stock has a market cap of $105.67 billion, a PE ratio of -6.59 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 50-day moving average price of $23.19 and a 200 day moving average price of $26.14. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the firm earned $0.28 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post -0.83 earnings per share for the current year.

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.