Lynch & Associates IN Purchases 904 Shares of Intel Co. (NASDAQ:INTC)

Lynch & Associates IN lifted its position in Intel Co. (NASDAQ:INTCFree Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,940 shares of the chip maker’s stock after buying an additional 904 shares during the period. Lynch & Associates IN’s holdings in Intel were worth $460,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter worth $27,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Groupama Asset Managment raised its position in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the last quarter. FSA Wealth Management LLC bought a new position in Intel during the 3rd quarter valued at about $34,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Intel during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 3.7 %

Shares of Intel stock traded down $0.73 on Friday, reaching $19.15. The company had a trading volume of 71,068,372 shares, compared to its average volume of 59,652,922. The firm’s 50-day moving average price is $22.12 and its two-hundred day moving average price is $23.83. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The firm has a market cap of $82.59 billion, a price-to-earnings ratio of -5.15 and a beta of 1.07. 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 (NASDAQ:INTCGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity

In related 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 value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $29.96.

Check Out Our Latest Report on INTC

Intel Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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