Rocky Mountain Advisers LLC Has $341,000 Position in Intel Co. (NASDAQ:INTC)

Rocky Mountain Advisers LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 17.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,538 shares of the chip maker’s stock after acquiring an additional 2,182 shares during the quarter. Rocky Mountain Advisers LLC’s holdings in Intel were worth $341,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. First Personal Financial Services boosted its stake in shares of Intel by 52.4% during the 3rd quarter. First Personal Financial Services now owns 119,766 shares of the chip maker’s stock worth $2,810,000 after acquiring an additional 41,161 shares in the last quarter. SilverOak Wealth Management LLC boosted its position in Intel by 19.1% during the third quarter. SilverOak Wealth Management LLC now owns 18,772 shares of the chip maker’s stock worth $440,000 after purchasing an additional 3,006 shares during the period. Lindbrook Capital LLC raised its position in shares of Intel by 26.2% in the third quarter. Lindbrook Capital LLC now owns 19,387 shares of the chip maker’s stock valued at $455,000 after purchasing an additional 4,027 shares during the period. PFS Partners LLC raised its position in shares of Intel by 25.5% in the third quarter. PFS Partners LLC now owns 3,706 shares of the chip maker’s stock valued at $87,000 after purchasing an additional 752 shares during the period. Finally, Wealth Quarterback LLC lifted its stake in shares of Intel by 246.5% in the third quarter. Wealth Quarterback LLC now owns 24,950 shares of the chip maker’s stock worth $585,000 after buying an additional 17,749 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

NASDAQ:INTC opened at $26.20 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a market cap of $113.00 billion, a PE ratio of -7.04 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’s 50-day moving average price is $22.22 and its two-hundred day moving average price is $26.66.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, equities analysts anticipate that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Activity

In other Intel 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Roth Mkm dropped their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Finally, Mizuho upped their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Six 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.12.

Intel Company 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.