Aptus Capital Advisors LLC Acquires 7,861 Shares of Intel Co. (NASDAQ:INTC)

Aptus Capital Advisors LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 19.5% in the third quarter, Holdings Channel reports. The firm owned 48,115 shares of the chip maker’s stock after purchasing an additional 7,861 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Intel were worth $1,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in INTC. Guardian Capital Advisors LP grew its holdings in shares of Intel by 2.1% in the 1st quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after purchasing an additional 328 shares during the last quarter. Key Financial Inc grew its stake in Intel by 4.1% during the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock worth $269,000 after buying an additional 340 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of Intel by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock worth $767,000 after buying an additional 348 shares in the last quarter. Cypress Asset Management Inc. TX raised its stake in shares of Intel by 1.6% in the first quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock valued at $1,015,000 after acquiring an additional 350 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in shares of Intel by 0.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock worth $2,000,000 after acquiring an additional 381 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $25.03 on Friday. The stock has a 50 day simple moving average of $22.47 and a 200 day simple moving average of $26.42. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $107.95 billion, a PE ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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 net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts predict that Intel Co. will post -0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INTC shares. The Goldman Sachs Group dropped their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Robert W. Baird increased their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.12.

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.