10,414 Shares in Intel Co. (NASDAQ:INTC) Bought by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,414 shares of the chip maker’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Dunhill Financial LLC raised its holdings in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 438 shares during the period. MKT Advisors LLC raised its stake in Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after purchasing an additional 490 shares during the period. Beaton Management Co. Inc. lifted its holdings in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares in the last quarter. Everpar Advisors LLC boosted its position in shares of Intel by 5.1% in the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after buying an additional 504 shares during the period. Finally, Lavaca Capital LLC grew its holdings in shares of Intel by 4.7% during the second quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock valued at $365,000 after buying an additional 530 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated 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 transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday. 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 note on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. 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 stock. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $29.96.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $19.20 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business’s fifty day moving average price is $21.97 and its two-hundred day moving average price is $23.58. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The stock has a market capitalization of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

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.