Intel Co. (NASDAQ:INTC) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 104.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,831 shares of the chip maker’s stock after buying an additional 31,143 shares during the period. CreativeOne Wealth LLC’s holdings in Intel were worth $1,427,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new position in shares of Intel in the second quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the 2nd quarter valued at approximately $27,000. Quest Partners LLC raised its position 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 valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Intel during the 2nd quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on INTC shares. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, Morgan Stanley dropped their price target on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Six investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.12.

Intel Stock Performance

NASDAQ:INTC opened at $23.65 on Friday. 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 company has a 50-day moving average of $23.43 and a 200-day moving average of $25.97. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market cap of $102.00 billion, a price-to-earnings ratio of -6.36 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly 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 business 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 company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. Analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s 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 in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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.