Intel Co. (NASDAQ:INTC) Stock Holdings Raised by World Investment Advisors LLC

World Investment Advisors LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 59.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,990 shares of the chip maker’s stock after purchasing an additional 16,046 shares during the period. World Investment Advisors LLC’s holdings in Intel were worth $1,009,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of INTC. William B. Walkup & Associates Inc. acquired a new stake in Intel during the second quarter worth about $2,178,000. Geode Capital Management LLC grew its holdings in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the last quarter. Swiss National Bank raised its position in shares of Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares during the period. SGL Investment Advisors Inc. bought a new stake in shares of Intel in the 3rd quarter worth approximately $2,365,000. Finally, Benjamin Edwards Inc. increased its position in Intel by 35,983.5% in the third quarter. Benjamin Edwards Inc. now owns 32,836 shares of the chip maker’s stock worth $770,000 after buying an additional 32,745 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC opened at $20.34 on Monday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a 50-day moving average of $23.12 and a two-hundred day moving average of $25.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $87.73 billion, a price-to-earnings ratio of -5.47 and a beta of 1.05.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for 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%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Daiwa America raised Intel to a “hold” rating in a report on Monday, August 26th. Finally, The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.04.

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.