Douglass Winthrop Advisors LLC Buys 961 Shares of Intel Co. (NASDAQ:INTC)

Douglass Winthrop Advisors LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.1% in the third quarter, HoldingsChannel.com reports. The fund owned 19,658 shares of the chip maker’s stock after acquiring an additional 961 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Intel were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in INTC. Silvercrest Asset Management Group LLC lifted its position in Intel by 3.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 303,347 shares of the chip maker’s stock valued at $13,399,000 after acquiring an additional 8,732 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Intel by 14.9% during the first quarter. Janus Henderson Group PLC now owns 473,056 shares of the chip maker’s stock worth $20,889,000 after buying an additional 61,516 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Intel by 9.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 125,498 shares of the chip maker’s stock valued at $5,543,000 after buying an additional 11,236 shares during the last quarter. Tidal Investments LLC lifted its stake in Intel by 56.1% during the 1st quarter. Tidal Investments LLC now owns 255,407 shares of the chip maker’s stock valued at $11,278,000 after acquiring an additional 91,832 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new position in Intel during the 1st quarter worth $528,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTC has been the topic of a number of recent analyst reports. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Barclays reduced their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Six research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Stock Performance

Intel stock opened at $24.87 on Tuesday. The firm has a fifty day simple moving average of $23.27 and a two-hundred day simple moving average of $26.05. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a market capitalization of $107.26 billion, a PE ratio of -6.69 and a beta of 1.03. 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 quarterly 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 return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. Intel’s revenue was down 6.3% compared to the same quarter last year. Research analysts expect that Intel Co. will post -0.83 EPS for the current year.

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.