26,613 Shares in Intel Co. (NASDAQ:INTC) Purchased by Atom Investors LP

Atom Investors LP bought a new stake in shares of Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,613 shares of the chip maker’s stock, valued at approximately $624,000.

A number of other large investors also recently added to or reduced their stakes in the business. America First Investment Advisors LLC purchased a new position in shares of Intel in the second quarter worth $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel in the 2nd quarter worth $27,000. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Intel in the second quarter worth about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Mizuho upped their price target on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Northland Securities lowered their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Six 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.04.

Intel Trading Down 6.1 %

Shares of NASDAQ INTC opened at $22.47 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market cap of $96.91 billion, a PE ratio of -6.04 and a beta of 1.05. The business has a fifty day simple moving average of $23.50 and a two-hundred day simple moving average of $25.73. 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 (NASDAQ:INTC) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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 revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Analysts expect 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.