Intel Co. (NASDAQ:INTC) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in shares of Intel Co. (NASDAQ:INTC) by 694.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,675 shares of the chip maker’s stock after buying an additional 83,632 shares during the quarter. Edgestream Partners L.P.’s holdings in Intel were worth $2,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new stake in shares of Intel during the second quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel during the 2nd quarter worth approximately $27,000. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in 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 last quarter. Spartan Fund Management Inc. acquired a new position in shares of Intel in the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Intel during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC opened at $23.93 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $103.21 billion, a PE ratio of -6.43 and a beta of 1.03. The company has a 50-day simple moving average of $23.50 and a 200-day simple moving average of $25.80. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last issued 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 business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. On average, equities analysts anticipate that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Daiwa America upgraded Intel to a “hold” rating in a research report on Monday, August 26th. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Needham & Company LLC reissued 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $30.12.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents 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.

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.