Centaurus Financial Inc. Has $934,000 Holdings in Intel Co. (NASDAQ:INTC)

Centaurus Financial Inc. lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 12.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,822 shares of the chip maker’s stock after buying an additional 4,338 shares during the quarter. Centaurus Financial Inc.’s holdings in Intel were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Primecap Management Co. CA increased its stake in Intel by 2.2% in the second quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock valued at $2,410,166,000 after purchasing an additional 1,697,550 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Intel by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock valued at $967,426,000 after buying an additional 9,422,136 shares during the period. Legal & General Group Plc increased its position in Intel by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker’s stock valued at $1,161,779,000 after buying an additional 487,191 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock valued at $743,457,000 after buying an additional 2,248,332 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Intel by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,512,863 shares of the chip maker’s stock worth $759,127,000 after buying an additional 656,583 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In other Intel 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 completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on INTC. UBS Group decreased their price objective on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Northland Securities lowered their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Morgan Stanley reduced their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Cantor Fitzgerald lowered their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Stock Up 1.5 %

Shares of NASDAQ INTC opened at $24.87 on Tuesday. 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 capitalization of $107.26 billion, a PE ratio of -6.69 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The business’s fifty day moving average price is $23.27 and its 200-day moving average price is $26.05.

Intel (NASDAQ:INTC) last released 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 business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, equities research analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

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.