Nwam LLC Purchases Shares of 30,955 Intel Co. (NASDAQ:INTC)

Nwam LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,955 shares of the chip maker’s stock, valued at approximately $726,000.

Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp grew its stake in Intel by 60.5% during the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock worth $1,071,308,000 after buying an additional 13,035,566 shares during the last quarter. Davis Selected Advisers grew its position in Intel by 86.2% during the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock worth $391,533,000 after acquiring an additional 5,851,098 shares during the last quarter. Caxton Associates LP acquired a new stake in Intel during the 2nd quarter valued at $162,592,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Intel by 2,681.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,431,749 shares of the chip maker’s stock valued at $137,251,000 after purchasing an additional 4,272,395 shares during the last quarter. Finally, Swedbank AB acquired a new position in Intel in the first quarter worth $164,002,000. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Intel Stock Performance

Shares of INTC stock opened at $24.50 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company’s 50 day moving average price is $23.19 and its two-hundred day moving average price is $26.11. The company has a market capitalization of $105.67 billion, a P/E ratio of -6.59 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) 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 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 company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on INTC shares. Cantor Fitzgerald cut their price target on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Roth Mkm reduced their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. UBS Group decreased their price objective on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Daiwa America upgraded Intel to a “hold” rating in a research report on Monday, August 26th. Six investment 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.