Intel Co. (NASDAQ:INTC) Holdings Raised by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 40.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,775 shares of the chip maker’s stock after purchasing an additional 4,260 shares during the period. Angeles Investment Advisors LLC’s holdings in Intel were worth $347,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. America First Investment Advisors LLC acquired a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter valued at about $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the 2nd quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in shares of Intel during the 2nd quarter valued at about $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Intel during the 2nd quarter valued at about $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intel

In other 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 completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent analyst reports. Wedbush decreased their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. TD Cowen upgraded Intel to a “hold” rating in a research report on Monday, September 16th. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of Intel stock traded up $0.15 during trading on Wednesday, hitting $24.31. The stock had a trading volume of 4,998,290 shares, compared to its average volume of 59,892,594. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The business’s 50-day moving average is $22.28 and its 200 day moving average is $26.48. 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 announced its earnings results 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 company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts expect that Intel Co. will post -0.83 EPS for the current 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.