LJI Wealth Management LLC Boosts Stock Position in Intel Co. (NASDAQ:INTC)

LJI Wealth Management LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,470 shares of the chip maker’s stock after acquiring an additional 628 shares during the period. LJI Wealth Management LLC’s holdings in Intel were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new stake in Intel in the second quarter valued at $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter worth about $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at about $31,000. Financial Connections Group Inc. bought a new position in shares of Intel during the second quarter worth about $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel in the second quarter worth about $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC stock traded down $0.68 during midday trading on Friday, reaching $24.35. 55,104,875 shares of the company were exchanged, compared to its average volume of 60,061,836. The company’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $26.36. The company has a market cap of $105.02 billion, a P/E ratio of -6.55 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 quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm 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%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, sell-side analysts expect that Intel Co. will post -0.83 earnings per share for the current year.

Analyst Ratings Changes

INTC has been the topic of several research reports. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Susquehanna decreased their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

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.