Central Valley Advisors LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

Central Valley Advisors LLC boosted its position in Intel Co. (NASDAQ:INTC) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,994 shares of the chip maker’s stock after purchasing an additional 788 shares during the period. Central Valley Advisors LLC’s holdings in Intel were worth $261,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Edgestream Partners L.P. boosted its stake in shares of Intel by 74.1% during the 2nd quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock worth $373,000 after acquiring an additional 5,124 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its position in Intel by 13.0% during the second quarter. SYSTM Wealth Solutions LLC now owns 13,029 shares of the chip maker’s stock valued at $404,000 after purchasing an additional 1,504 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Intel by 12.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 69,999 shares of the chip maker’s stock valued at $2,168,000 after purchasing an additional 7,501 shares in the last quarter. Sienna Gestion grew its holdings in Intel by 2.2% during the second quarter. Sienna Gestion now owns 265,757 shares of the chip maker’s stock valued at $8,227,000 after purchasing an additional 5,598 shares during the period. Finally, Garner Asset Management Corp increased its position in Intel by 3.8% in the second quarter. Garner Asset Management Corp now owns 16,434 shares of the chip maker’s stock worth $509,000 after buying an additional 604 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Robert W. Baird upped their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial increased their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group lowered their target price 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $29.96.

Intel Stock Performance

NASDAQ:INTC opened at $19.69 on Friday. 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 stock’s fifty day moving average is $21.78 and its 200 day moving average is $23.47. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30.

Intel (NASDAQ:INTC) last released its 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 firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. As a group, equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Intel Company 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.