Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Intel Co. (NASDAQ:INTC)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Intel Co. (NASDAQ:INTC) by 4.4% during the third quarter, HoldingsChannel reports. The firm owned 4,624,859 shares of the chip maker’s stock after buying an additional 193,110 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Intel were worth $108,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INTC. Janus Henderson Group PLC raised its stake in Intel by 14.9% in the first quarter. Janus Henderson Group PLC now owns 473,056 shares of the chip maker’s stock valued at $20,889,000 after purchasing an additional 61,516 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of Intel during the first quarter worth approximately $528,000. New Covenant Trust Company N.A. purchased a new position in shares of Intel during the first quarter worth approximately $201,000. Advisory Resource Group raised its stake in shares of Intel by 5.4% during the first quarter. Advisory Resource Group now owns 14,260 shares of the chip maker’s stock worth $630,000 after acquiring an additional 734 shares in the last quarter. Finally, Rokos Capital Management LLP purchased a new position in shares of Intel during the first quarter worth approximately $100,433,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

Intel Stock Performance

Shares of Intel stock opened at $24.05 on Wednesday. The business has a fifty day simple moving average of $23.32 and a two-hundred day simple moving average of $26.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

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). The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

INTC has been the topic of several research reports. UBS Group decreased their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Wedbush cut their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays cut their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, Truist Financial raised their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.