Capital Asset Advisory Services LLC Increases Stock Position in Intel Co. (NASDAQ:INTC)

Capital Asset Advisory Services LLC grew its position in shares of Intel Co. (NASDAQ:INTCFree 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

INTC has been the subject of a number of research reports. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Truist Financial upped their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $27.88.

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:INTCGet 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

(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.

Read More

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTCFree Report).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.