Intel Co. (NASDAQ:INTC) Shares Purchased by Edgestream Partners L.P.

by · The Cerbat Gem

Edgestream Partners L.P. raised its holdings in shares of Intel Co. (NASDAQ:INTC – Free Report) by 694.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 95,675 shares of the chip maker’s stock after acquiring an additional 83,632 shares during the quarter. Edgestream Partners L.P.’s holdings in Intel were worth $2,245,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INTC. Harbor Capital Advisors Inc. lifted its stake in shares of Intel by 3.5% during the second quarter. Harbor Capital Advisors Inc. now owns 51,999 shares of the chip maker’s stock worth $1,610,000 after purchasing an additional 1,738 shares in the last quarter. Apella Capital LLC lifted its position in Intel by 6.4% during the 2nd quarter. Apella Capital LLC now owns 10,390 shares of the chip maker’s stock worth $322,000 after acquiring an additional 623 shares in the last quarter. Fiduciary Alliance LLC lifted its position in Intel by 186.6% during the 2nd quarter. Fiduciary Alliance LLC now owns 15,102 shares of the chip maker’s stock worth $469,000 after acquiring an additional 9,832 shares in the last quarter. Cullinan Associates Inc. boosted its holdings in Intel by 13.3% in the 2nd quarter. Cullinan Associates Inc. now owns 88,389 shares of the chip maker’s stock worth $2,737,000 after acquiring an additional 10,400 shares during the period. Finally, Aprio Wealth Management LLC grew its position in Intel by 5.6% in the second quarter. Aprio Wealth Management LLC now owns 9,990 shares of the chip maker’s stock valued at $309,000 after acquiring an additional 532 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 completion of the transaction, 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 filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Stock Performance

INTC stock opened at $23.93 on Tuesday. The stock’s fifty day moving average is $23.50 and its two-hundred day moving average is $25.80. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The stock has a market capitalization of $103.21 billion, a price-to-earnings ratio of -6.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC – Get Free Report) last announced its earnings results 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 firm earned $0.28 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. On average, research analysts predict that Intel Co. will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INTC shares. 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 research report on Thursday, October 17th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $30.12.

View Our Latest Stock Analysis on Intel

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.

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