Intel Co. (NASDAQ:INTC) Stake Boosted by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 104.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 60,831 shares of the chip maker’s stock after purchasing an additional 31,143 shares during the quarter. CreativeOne Wealth LLC’s holdings in Intel were worth $1,427,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INTC. William B. Walkup & Associates Inc. bought a new stake in shares of Intel during the 2nd quarter worth about $2,178,000. Swiss National Bank boosted its position in Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares during the period. Fortis Group Advisors LLC grew its holdings in Intel by 1,052.9% during the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Mizuho Securities Co. Ltd. raised its position in shares of Intel by 2,910.4% in the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after purchasing an additional 27,940 shares during the period. Finally, Blueshift Asset Management LLC lifted its stake in shares of Intel by 118.2% in the third quarter. Blueshift Asset Management LLC now owns 67,934 shares of the chip maker’s stock worth $1,594,000 after buying an additional 36,798 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on INTC shares. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Cantor Fitzgerald decreased their target price on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Trading Down 1.7 %

INTC opened at $23.65 on Friday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The firm has a 50-day moving average price of $23.43 and a two-hundred day moving average price of $25.97. The stock has a market capitalization of $102.00 billion, a PE ratio of -6.36 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

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.