WealthPlan Investment Management LLC Buys Shares of 63,187 Intel Co. (NASDAQ:INTC)

WealthPlan Investment Management LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC) during the 3rd quarter, Holdings Channel reports. The firm bought 63,187 shares of the chip maker’s stock, valued at approximately $1,482,000.

Several other hedge funds have also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC acquired a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel in the 2nd quarter worth about $27,000. Spartan Fund Management Inc. acquired a new position in Intel in the 2nd quarter worth about $31,000. Financial Connections Group Inc. acquired a new position in Intel in the 2nd quarter worth about $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel in the 2nd quarter worth about $33,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Truist Financial increased their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of Intel stock opened at $25.05 on Tuesday. The firm has a market cap of $108.04 billion, a price-to-earnings ratio of -6.73 and a beta of 1.03. The stock’s 50-day moving average is $22.22 and its 200-day moving average is $26.55. Intel Co. has a one year low of $18.51 and a one year high of $51.28. 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 (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. Equities analysts predict that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

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.