Entropy Technologies LP Makes New Investment in Intel Co. (NASDAQ:INTC)

Entropy Technologies LP bought a new stake in Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 154,489 shares of the chip maker’s stock, valued at approximately $3,624,000.

Several other large investors have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new position in shares of Intel in the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the second quarter worth $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the second quarter valued at $31,000. Financial Connections Group Inc. bought a new position in shares of Intel in the second quarter valued at about $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the 2nd quarter worth about $33,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on INTC. Cantor Fitzgerald dropped their target price 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. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Mizuho boosted their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Roth Mkm decreased their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Six research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Down 4.4 %

INTC stock opened at $25.05 on Tuesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a market cap of $108.04 billion, a price-to-earnings ratio of -6.73 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. The business has a 50 day moving average price of $22.22 and a two-hundred day moving average price of $26.55.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts anticipate that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is owned by insiders.

Intel 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.