Exchange Traded Concepts LLC Has $5.60 Million Stock Position in Intel Co. (NASDAQ:INTC)

Exchange Traded Concepts LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,031 shares of the chip maker’s stock after purchasing an additional 5,616 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Intel were worth $5,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Dunhill Financial LLC lifted its position in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the last quarter. MKT Advisors LLC raised its stake in shares of Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after acquiring an additional 490 shares in the last quarter. Beaton Management Co. Inc. lifted its holdings in Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the last quarter. Everpar Advisors LLC boosted its position in Intel by 5.1% during the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after purchasing an additional 504 shares during the period. Finally, Missouri Trust & Investment Co grew its holdings in Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 550 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value 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 trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Truist Financial raised their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a report on Friday, October 25th. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $28.81.

Intel Stock Down 3.4 %

Intel stock opened at $20.83 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The stock has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $23.11. 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 announced its 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 for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal 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.