FSA Wealth Management LLC Takes Position in Intel Co. (NASDAQ:INTC)

FSA Wealth Management LLC purchased a new stake in Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,461 shares of the chip maker’s stock, valued at approximately $34,000.

A number of other large investors have also recently bought and sold shares of the stock. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel in the second quarter valued at about $27,000. Spartan Fund Management Inc. bought a new stake in Intel during the second quarter worth about $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Intel in the second quarter valued at approximately $33,000. 64.53% of the stock is currently owned by institutional investors.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by company insiders.

Intel Stock Performance

INTC opened at $24.05 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50-day simple moving average is $23.48 and its 200 day simple moving average is $25.85. The firm has a market capitalization of $103.73 billion, a PE ratio of -6.47 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Daiwa America raised Intel to a “hold” rating in a report on Monday, August 26th. Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Mizuho raised their price target on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. 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 company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $30.12.

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.