Angeles Investment Advisors LLC Acquires 4,260 Shares of Intel Co. (NASDAQ:INTC)

Angeles Investment Advisors LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 40.5% in the third quarter, Holdings Channel.com reports. The firm owned 14,775 shares of the chip maker’s stock after purchasing an additional 4,260 shares during the period. Angeles Investment Advisors LLC’s holdings in Intel were worth $347,000 as of its most recent SEC filing.

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

Intel Stock Up 0.6 %

Shares of INTC stock traded up $0.15 during trading hours on Wednesday, reaching $24.31. 4,998,290 shares of the stock were exchanged, compared to its average volume of 59,892,594. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company’s 50-day moving average price is $22.28 and its 200-day moving average price is $26.48.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion during 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%. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. Analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of several research reports. Roth Mkm dropped their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Northland Securities dropped their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Six equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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 transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company 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.