Intel Co. (NASDAQ:INTC) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its stake in Intel Co. (NASDAQ:INTC) by 16.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,381 shares of the chip maker’s stock after buying an additional 5,295 shares during the period. Great Valley Advisor Group Inc.’s holdings in Intel were worth $877,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Intel by 60.5% during the 2nd quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock valued at $1,071,308,000 after purchasing an additional 13,035,566 shares during the period. Davis Selected Advisers raised its holdings in shares of Intel by 86.2% during the second quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock valued at $391,533,000 after buying an additional 5,851,098 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Intel during the second quarter worth approximately $162,592,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings 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 worth $137,251,000 after buying an additional 4,272,395 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Intel in the 1st quarter valued at approximately $164,002,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.87 on Tuesday. The company’s fifty day moving average is $23.27 and its two-hundred day moving average is $26.05. The company has a market cap of $107.26 billion, a P/E ratio of -6.69 and a beta of 1.03. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly 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 business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was 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 directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on INTC shares. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Cantor Fitzgerald dropped their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday, September 16th. Finally, Wedbush lowered their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six research 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.com, the stock presently has an average rating of “Hold” and an average target price of $30.12.

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.