Intel Co. (NASDAQ:INTC) Shares Bought by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 52.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,055 shares of the chip maker’s stock after buying an additional 8,250 shares during the period. Cladis Investment Advisory LLC’s holdings in Intel were worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in INTC. America First Investment Advisors LLC acquired a new position in Intel in the second quarter valued at about $25,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the 2nd quarter valued at approximately $27,000. Quest Partners LLC lifted its holdings 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 worth $30,000 after acquiring an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Intel during the 2nd quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Intel in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on INTC. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Truist Financial increased their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Northland Securities dropped their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Six research 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 stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $30.12.

Insider Activity

In other 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 value of $650,000.00. Following the completion of 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 is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.05 on Monday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The firm has a market capitalization of $103.73 billion, a P/E ratio of -6.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company’s fifty day moving average price is $23.48 and its 200 day moving average price is $25.85.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. As a group, sell-side analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

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.