Intel Co. (NASDAQ:INTC) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 26.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,387 shares of the chip maker’s stock after purchasing an additional 4,027 shares during the quarter. Lindbrook Capital LLC’s holdings in Intel were worth $455,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INTC. PFS Partners LLC raised its stake in shares of Intel by 25.5% during the third quarter. PFS Partners LLC now owns 3,706 shares of the chip maker’s stock valued at $87,000 after purchasing an additional 752 shares during the period. Wealth Quarterback LLC lifted its holdings in Intel by 246.5% in the 3rd quarter. Wealth Quarterback LLC now owns 24,950 shares of the chip maker’s stock worth $585,000 after buying an additional 17,749 shares in the last quarter. Corrado Advisors LLC boosted its position in Intel by 41.0% in the 3rd quarter. Corrado Advisors LLC now owns 66,426 shares of the chip maker’s stock valued at $1,558,000 after buying an additional 19,306 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Intel during the third quarter valued at about $410,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intel during the third quarter worth about $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Six research 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 stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $30.12.

Intel Stock Down 0.1 %

NASDAQ INTC opened at $26.20 on Friday. The company has a market capitalization of $113.00 billion, a P/E ratio of -7.04 and a beta of 1.03. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. 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’s 50 day simple moving average is $22.22 and its 200 day simple moving average is $26.66.

Intel (NASDAQ:INTC) last released 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). The company 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 business’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Equities research analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

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.