Capital Asset Advisory Services LLC grew its position in shares of Intel Co. (NASDAQ:INTC – Free Report) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,510 shares of the chip maker’s stock after purchasing an additional 12,397 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Intel were worth $2,025,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC boosted its holdings in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. MKT Advisors LLC boosted its stake in Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after purchasing an additional 490 shares during the period. Beaton Management Co. Inc. grew its position in Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares in the last quarter. Everpar Advisors LLC raised its stake in Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock valued at $242,000 after purchasing an additional 504 shares during the period. Finally, Missouri Trust & Investment Co boosted its position in shares of Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Insiders Place Their Bets
In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were 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 owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Analysis on INTC
Intel Trading Down 3.4 %
Shares of INTC stock opened at $20.83 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The stock has a 50 day moving average of $21.23 and a two-hundred day moving average of $22.93.
Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $13.30 billion for 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 firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, research analysts expect that Intel Co. will post -0.87 EPS for the current 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.
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