Tyler Stone Wealth Management Purchases 21,177 Shares of Intel Co. (NASDAQ:INTC)

Tyler Stone Wealth Management grew its position in Intel Co. (NASDAQ:INTC) by 105.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,276 shares of the chip maker’s stock after acquiring an additional 21,177 shares during the quarter. Tyler Stone Wealth Management’s holdings in Intel were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of INTC. America First Investment Advisors LLC bought a new stake in Intel during the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel in the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. bought a new position in shares of Intel during the 2nd quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new stake in Intel in the second quarter worth $32,000. Finally, Triad Wealth Partners LLC bought a new stake in Intel in the second quarter worth $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $7,104,708. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Intel Price Performance

NASDAQ:INTC traded down $0.03 during trading hours on Friday, reaching $26.20. 76,427,983 shares of the company were exchanged, compared to its average volume of 65,260,216. 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 has a market cap of $113.00 billion, a PE ratio of -7.04 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock’s 50-day moving average is $22.22 and its 200-day moving average is $26.66.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during 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 business’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, sell-side analysts anticipate that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on INTC shares. Barclays lowered their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Susquehanna lowered their price target on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.