Intel Co. (NASDAQ:INTC) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in Intel Co. (NASDAQ:INTC) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,031 shares of the chip maker’s stock after acquiring an additional 5,616 shares during the period. Exchange Traded Concepts LLC’s holdings in Intel were worth $5,595,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in INTC. Finley Financial LLC acquired a new position in Intel during the 4th quarter valued at approximately $25,000. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in shares of Intel during the fourth quarter worth about $31,000. Groupama Asset Managment increased its holdings 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 worth $32,000 after acquiring an additional 8,084 shares during the period. Finally, Sawyer & Company Inc bought a new stake in Intel in the 4th quarter valued at about $32,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Intel stock opened at $20.83 on Friday. The company has a 50 day moving average price of $21.30 and a 200 day moving average price of $23.11. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30.

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 analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped 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. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial lifted their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $28.81.

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.