John G Ullman & Associates Inc. Has $10.08 Million Holdings in Intel Co. (NASDAQ:INTC)

John G Ullman & Associates Inc. grew its holdings in Intel Co. (NASDAQ:INTC) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 429,770 shares of the chip maker’s stock after buying an additional 54,889 shares during the period. Intel accounts for about 1.4% of John G Ullman & Associates Inc.’s portfolio, making the stock its 17th biggest holding. John G Ullman & Associates Inc.’s holdings in Intel were worth $10,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cypress Capital Group lifted its stake in shares of Intel by 21.6% during the 3rd quarter. Cypress Capital Group now owns 118,118 shares of the chip maker’s stock worth $2,771,000 after buying an additional 20,945 shares during the last quarter. Intech Investment Management LLC lifted its position in Intel by 26.6% during the third quarter. Intech Investment Management LLC now owns 185,049 shares of the chip maker’s stock worth $4,341,000 after acquiring an additional 38,916 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Intel during the third quarter worth approximately $48,000. Howe & Rusling Inc. grew its position in shares of Intel by 8.2% in the third quarter. Howe & Rusling Inc. now owns 31,613 shares of the chip maker’s stock valued at $742,000 after purchasing an additional 2,396 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Intel during the third quarter worth approximately $64,000. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 0.8 %

NASDAQ INTC opened at $24.01 on Thursday. The business’s 50-day moving average price is $23.00 and its two-hundred day moving average price is $26.20. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last released its 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates 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 for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. Sell-side analysts expect that Intel Co. will post -0.83 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased 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. Mizuho lifted their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Barclays decreased their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $30.12.

Intel 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.