Aaron Wealth Advisors LLC Buys 611 Shares of Intel Co. (NASDAQ:INTC)

Aaron Wealth Advisors LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,595 shares of the chip maker’s stock after acquiring an additional 611 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Intel were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the second quarter valued at about $27,000. Quest Partners LLC lifted its stake in 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 acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new position in Intel during the 4th quarter worth approximately $31,000. Groupama Asset Managment grew its stake in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new stake in shares of Intel in the fourth quarter valued at approximately $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Intel Trading Up 9.3 %

NASDAQ:INTC opened at $21.49 on Monday. Intel Co. has a 12 month low of $18.51 and a 12 month 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 firm’s 50 day moving average is $21.55 and its 200 day moving average is $23.27. The stock has a market capitalization of $92.69 billion, a PE ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its earnings results 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 firm 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 quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Sell-side analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on INTC shares. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. The Goldman Sachs Group decreased their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $29.88.

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.