Aljian Capital Management LLC Buys Shares of 16,442 Intel Co. (NASDAQ:INTC)

Aljian Capital Management LLC purchased a new position in Intel Co. (NASDAQ:INTC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,442 shares of the chip maker’s stock, valued at approximately $386,000.

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

Insider Activity at Intel

In other Intel 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTC. Robert W. Baird raised their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Wedbush lowered their target price on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Morgan Stanley cut their price target on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Mizuho increased their price objective on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research report 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Down 2.7 %

INTC opened at $24.35 on Monday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market cap of $105.02 billion, a price-to-earnings ratio of -6.55 and a beta of 1.03. The firm’s 50-day simple moving average is $22.69 and its 200-day simple moving average is $26.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last issued 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 firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Intel Co. will post -0.83 EPS 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.