Intel Co. (NASDAQ:INTC) Shares Bought by Aviso Wealth Management

Aviso Wealth Management boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 50.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,611 shares of the chip maker’s stock after purchasing an additional 5,269 shares during the quarter. Aviso Wealth Management’s holdings in Intel were worth $366,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital International Investors grew its position in Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. Primecap Management Co. CA grew its position in Intel by 2.2% during the 2nd quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock worth $2,410,166,000 after purchasing an additional 1,697,550 shares during the period. Van ECK Associates Corp grew its position in Intel by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after purchasing an additional 9,422,136 shares during the period. Price T Rowe Associates Inc. MD grew its position in Intel by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock worth $1,759,811,000 after purchasing an additional 2,457,243 shares during the period. Finally, Legal & General Group Plc grew its position in Intel by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker’s stock worth $1,161,779,000 after purchasing an additional 487,191 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

In other 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 value of $650,000.00. Following 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. Company insiders own 0.04% of the company’s stock.

Intel Stock Down 2.7 %

NASDAQ:INTC opened at $24.35 on Monday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The stock’s fifty day moving average is $22.69 and its two-hundred day moving average is $26.30. The stock has a market capitalization of $105.02 billion, a price-to-earnings ratio of -6.55 and a beta of 1.03. 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 released its quarterly earnings results 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 return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Research analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on INTC. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a research report on Monday, September 16th. Finally, Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.