Bridgewater Advisors Inc. Has $476,000 Holdings in Intel Co. (NASDAQ:INTC)

Bridgewater Advisors Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 61.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,774 shares of the chip maker’s stock after purchasing an additional 9,414 shares during the period. Bridgewater Advisors Inc.’s holdings in Intel were worth $476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter worth approximately $27,000. Quest Partners LLC lifted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in Intel in the fourth quarter valued at approximately $31,000. Groupama Asset Managment lifted its stake in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the period. Finally, Sawyer & Company Inc bought a new position in shares of Intel in the 4th quarter worth $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is owned by corporate insiders.

Intel Stock Up 9.3 %

Shares of INTC opened at $21.49 on Monday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. 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 $21.55 and a 200-day moving average of $23.27.

Intel (NASDAQ:INTC) last posted 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). The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the subject of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Northland Securities reduced their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. 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 company’s stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $29.88.

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.