Tyler Stone Wealth Management Increases Stake in Intel Co. (NASDAQ:INTC)

Tyler Stone Wealth Management increased its position in shares of Intel Co. (NASDAQ:INTC) by 105.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,276 shares of the chip maker’s stock after buying an additional 21,177 shares during the period. Tyler Stone Wealth Management’s holdings in Intel were worth $968,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. America First Investment Advisors LLC purchased a new position in Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel in the 2nd quarter valued at $27,000. Spartan Fund Management Inc. acquired a new stake in Intel during the 2nd quarter worth $31,000. Financial Connections Group Inc. purchased a new stake in Intel in the second quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Intel during the second quarter worth about $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on INTC shares. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Cantor Fitzgerald decreased their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Barclays lowered their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, Susquehanna decreased their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $30.12.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Intel Trading Down 0.1 %

NASDAQ:INTC traded down $0.03 on Friday, hitting $26.20. 76,427,983 shares of the stock were exchanged, compared to its average volume of 65,260,216. The stock has a market cap of $113.00 billion, a PE ratio of -7.04 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $22.22 and a 200-day moving average of $26.66.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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 business 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 firm earned $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts expect that Intel Co. will post -0.83 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.