Intel Co. (NASDAQ:INTC) Stock Holdings Increased by IHT Wealth Management LLC

by · The Cerbat Gem

IHT Wealth Management LLC grew its position in shares of Intel Co. (NASDAQ:INTC – Free Report) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,839 shares of the chip maker’s stock after buying an additional 20,453 shares during the period. IHT Wealth Management LLC’s holdings in Intel were worth $4,403,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in INTC. Van ECK Associates Corp increased its stake in Intel by 60.5% during the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock valued at $1,071,308,000 after purchasing an additional 13,035,566 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intel by 28.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after buying an additional 12,865,308 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Intel by 224.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock valued at $244,302,000 after buying an additional 7,207,785 shares during the last quarter. Davis Selected Advisers raised its stake in Intel by 86.2% during the second quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock worth $391,533,000 after acquiring an additional 5,851,098 shares during the period. Finally, Caxton Associates LP bought a new position in Intel in the second quarter worth about $162,592,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Bank of America reissued an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Daiwa America upgraded shares of Intel to a “hold” rating in a research note on Monday, August 26th. Six equities research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.04.

View Our Latest Research Report on INTC

Intel Stock Down 6.1 %

INTC opened at $22.47 on Wednesday. The company has a market capitalization of $96.91 billion, a PE ratio of -6.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The business has a 50-day moving average of $23.50 and a 200-day moving average of $25.73.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data 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 net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the business posted $0.28 EPS. Intel’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

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.

Recommended Stories