Wasatch Advisors LP Purchases New Holdings in Intel Co. (NASDAQ:INTC)

Wasatch Advisors LP purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,500 shares of the chip maker’s stock, valued at approximately $575,000.

Other large investors also recently modified their holdings of the company. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter valued at approximately $27,000. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Spartan Fund Management Inc. bought a new stake in shares of Intel in the 2nd quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Intel in the 2nd quarter valued at approximately $32,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Six equities 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Performance

INTC stock opened at $24.05 on Monday. The business’s fifty day moving average is $23.48 and its 200-day moving average is $25.85. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company has a market cap of $103.73 billion, a P/E ratio of -6.47 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the prior year, the company earned $0.28 EPS. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by corporate insiders.

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.