Intel Co. (NASDAQ:INTC) Shares Purchased by Clarity Asset Management Inc.

Clarity Asset Management Inc. grew its stake in Intel Co. (NASDAQ:INTC) by 28.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,715 shares of the chip maker’s stock after buying an additional 1,032 shares during the quarter. Clarity Asset Management Inc.’s holdings in Intel were worth $111,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Key Financial Inc lifted its stake in Intel by 4.1% in the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after buying an additional 340 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of Intel by 1.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock worth $767,000 after acquiring an additional 348 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in Intel by 0.6% in the second quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock valued at $2,000,000 after purchasing an additional 381 shares during the last quarter. Everpar Advisors LLC grew its stake in Intel by 4.6% in the 2nd quarter. Everpar Advisors LLC now owns 9,822 shares of the chip maker’s stock valued at $304,000 after acquiring an additional 435 shares during the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

INTC has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.04.

Intel Trading Down 0.5 %

Shares of NASDAQ:INTC opened at $20.81 on Tuesday. The stock has a market cap of $89.75 billion, a PE ratio of -5.59 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.31 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 $51.28. The business has a 50 day moving average of $23.29 and a 200-day moving average of $25.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current 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.