B. Metzler seel. Sohn & Co. Holding AG Takes Position in Intel Co. (NASDAQ:INTC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Intel Co. (NASDAQ:INTC) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 285,521 shares of the chip maker’s stock, valued at approximately $6,698,000.

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

Intel Stock Down 2.6 %

INTC stock opened at $24.20 on Wednesday. The firm has a market cap of $104.37 billion, a PE ratio of -6.51 and a beta of 1.03. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a fifty day simple moving average of $22.91 and a 200 day simple moving average of $26.21. 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 quarterly 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 company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the firm earned $0.28 EPS. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Intel Co. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen upgraded Intel to a “hold” rating in a research report on Monday, September 16th. The Goldman Sachs Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Truist Financial raised their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Roth Mkm cut their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following 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 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.

About Intel

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.