Intel Co. (NASDAQ:INTC) Shares Bought by Cacti Asset Management LLC

Cacti Asset Management LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 123,100 shares of the chip maker’s stock after buying an additional 7,000 shares during the period. Cacti Asset Management LLC’s holdings in Intel were worth $2,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the 2nd quarter valued at approximately $27,000. Fairfield Financial Advisors LTD acquired a new position in Intel during the 2nd quarter worth $35,000. Quest Partners LLC grew its position 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 buying an additional 1,253 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Intel during the 3rd quarter valued at about $34,000. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INTC shares. Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. The Goldman Sachs Group decreased 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. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Six investment 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.04.

Intel Stock Performance

Shares of NASDAQ:INTC traded up $0.25 during trading on Thursday, hitting $20.30. 15,878,368 shares of the stock were exchanged, compared to its average volume of 61,639,930. The company’s fifty day simple moving average is $22.40 and its 200-day simple moving average is $24.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $87.55 billion, a price-to-earnings ratio of -5.46 and a beta of 1.05. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the business posted $0.28 earnings per share. Intel’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

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.