8,835 Shares in Intel Co. (NASDAQ:INTC) Acquired by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,835 shares of the chip maker’s stock, valued at approximately $207,000.

Other large investors also recently made changes to their positions in the company. America First Investment Advisors LLC purchased a new position in shares of Intel in the second quarter valued at $25,000. Cyrus J. Lawrence LLC bought a new position in Intel during the 2nd quarter valued at $27,000. Spartan Fund Management Inc. bought a new position in Intel during the 2nd quarter valued at $31,000. Financial Connections Group Inc. bought a new position in Intel during the 2nd quarter valued at $32,000. Finally, Triad Wealth Partners LLC bought a new position in Intel during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Intel stock opened at $24.50 on Monday. 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 50-day moving average price is $23.19 and its two-hundred day moving average price is $26.08. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company 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 firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, analysts expect that Intel Co. will post -0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on INTC shares. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. Barclays reduced their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, 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. 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. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $30.12.

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.