Intel Co. (NASDAQ:INTC) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its stake in Intel Co. (NASDAQ:INTC) by 4.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 107,635 shares of the chip maker’s stock after acquiring an additional 4,256 shares during the period. EP Wealth Advisors LLC’s holdings in Intel were worth $2,525,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the second quarter valued at approximately $27,000. Quest Partners LLC increased its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Spartan Fund Management Inc. acquired a new stake in Intel during the 2nd quarter worth approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in Intel in the 2nd quarter valued at approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

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

Intel Trading Up 0.6 %

Shares of Intel stock opened at $20.92 on Monday. 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 Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The business has a 50 day moving average price of $23.34 and a 200 day moving average price of $25.51. The company has a market capitalization of $90.23 billion, a P/E ratio of -5.62 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its earnings results 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm 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 firm posted $0.28 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Mizuho increased their target price on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Bank of America reiterated an “underperform” rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Six research 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 stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $30.04.

About Intel

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.