Mutual Advisors LLC Purchases 26,671 Shares of Intel Co. (NASDAQ:INTC)

Mutual Advisors LLC increased its position in Intel Co. (NASDAQ:INTC) by 15.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 194,173 shares of the chip maker’s stock after acquiring an additional 26,671 shares during the period. Mutual Advisors LLC’s holdings in Intel were worth $3,819,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock worth $1,371,692,000 after buying an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp increased its position in Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after buying an additional 9,422,136 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Intel by 224.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock valued at $244,302,000 after buying an additional 7,207,785 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday. Truist Financial upped their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $28.81.

Intel Trading Down 1.3 %

INTC stock opened at $21.57 on Friday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $21.37 and its 200-day moving average is $23.12. The firm has a market cap of $93.03 billion, a P/E ratio of -5.80, a P/E/G ratio of 9.59 and a beta of 1.07.

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). The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate 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 revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. Equities analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is currently owned by corporate insiders.

Intel Company 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.