Metis Global Partners LLC Raises Stake in Intel Co. (NASDAQ:INTC)

Metis Global Partners LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,628 shares of the chip maker’s stock after buying an additional 10,792 shares during the period. Metis Global Partners LLC’s holdings in Intel were worth $5,223,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Cable Hill Partners LLC lifted its holdings in shares of Intel by 9.0% during the 3rd quarter. Cable Hill Partners LLC now owns 22,364 shares of the chip maker’s stock valued at $525,000 after acquiring an additional 1,839 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its stake in shares of Intel by 2,910.4% during the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after purchasing an additional 27,940 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Intel by 19.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 55,821 shares of the chip maker’s stock worth $1,310,000 after buying an additional 9,057 shares during the period. Angeles Investment Advisors LLC grew its stake in shares of Intel by 40.5% in the third quarter. Angeles Investment Advisors LLC now owns 14,775 shares of the chip maker’s stock valued at $347,000 after buying an additional 4,260 shares in the last quarter. Finally, Encompass Wealth Advisors LLC raised its holdings in shares of Intel by 19.7% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 18,893 shares of the chip maker’s stock valued at $443,000 after buying an additional 3,114 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

Intel Stock Up 0.7 %

INTC opened at $25.09 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The stock’s 50 day moving average price is $22.47 and its 200 day moving average price is $26.42. The stock has a market cap of $108.21 billion, a P/E ratio of -6.70 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly 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 business 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%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. As a group, research analysts predict that Intel Co. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a 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 issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.