Intel Co. (NASDAQ:INTC) Shares Acquired by GFS Advisors LLC

GFS Advisors LLC raised its stake in shares of Intel Co. (NASDAQ:INTC) by 34.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 266,550 shares of the chip maker’s stock after buying an additional 68,200 shares during the period. GFS Advisors LLC’s holdings in Intel were worth $5,344,000 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 INTC. Mediolanum International Funds Ltd lifted its holdings in shares of Intel by 88.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 82,544 shares of the chip maker’s stock valued at $1,632,000 after buying an additional 38,738 shares during the period. Crews Bank & Trust bought a new stake in Intel in the fourth quarter worth about $197,000. Synergy Asset Management LLC acquired a new stake in Intel in the 4th quarter valued at about $92,000. Gries Financial LLC boosted its position in shares of Intel by 43.5% during the 4th quarter. Gries Financial LLC now owns 18,648 shares of the chip maker’s stock valued at $374,000 after purchasing an additional 5,652 shares in the last quarter. Finally, Swedbank AB grew its stake in shares of Intel by 8.9% in the 4th quarter. Swedbank AB now owns 1,814,865 shares of the chip maker’s stock worth $36,388,000 after purchasing an additional 147,976 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 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 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on INTC shares. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price target on shares of Intel in a research note on Friday. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Price Performance

Shares of NASDAQ:INTC opened at $19.43 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The firm has a fifty day moving average price of $20.88 and a 200 day moving average price of $22.62. 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 issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. On average, equities analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal 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.