GFS Advisors LLC Acquires 193,350 Shares of Intel Co. (NASDAQ:INTC)

GFS Advisors LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 3,867.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,350 shares of the chip maker’s stock after acquiring an additional 193,350 shares during the period. GFS Advisors LLC’s holdings in Intel were worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Norden Group LLC lifted its stake in Intel by 27.8% in the 1st quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock worth $637,000 after purchasing an additional 3,133 shares in the last quarter. Goelzer Investment Management Inc. bought a new position in Intel during the 1st quarter valued at about $205,000. Lincoln National Corp grew its holdings in Intel by 8.5% during the 1st quarter. Lincoln National Corp now owns 133,042 shares of the chip maker’s stock valued at $5,876,000 after purchasing an additional 10,428 shares during the last quarter. Haverford Trust Co grew its holdings in Intel by 17.3% during the 1st quarter. Haverford Trust Co now owns 57,852 shares of the chip maker’s stock valued at $2,555,000 after purchasing an additional 8,534 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Intel by 71.4% during the 1st quarter. Jennison Associates LLC now owns 1,048,893 shares of the chip maker’s stock valued at $46,330,000 after purchasing an additional 437,060 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 7.8 %

INTC stock opened at $23.20 on Friday. The firm has a market cap of $99.20 billion, a PE ratio of -6.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The firm’s fifty day moving average is $21.79 and its 200 day moving average is $26.96. Intel Co. has a one year low of $18.51 and a one year high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. On average, research analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Wedbush decreased their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday. Roth Mkm decreased their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Barclays decreased their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

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.