Entropy Technologies LP Takes $3.62 Million Position in Intel Co. (NASDAQ:INTC)

Entropy Technologies LP acquired a new position in Intel Co. (NASDAQ:INTC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 154,489 shares of the chip maker’s stock, valued at approximately $3,624,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Intel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after buying an additional 3,310,528 shares in the last quarter. Capital International Investors raised its stake in shares of Intel by 16.0% in the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after buying an additional 15,475,631 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Intel by 2.2% in the second quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock valued at $2,410,166,000 after buying an additional 1,697,550 shares during the period. Van ECK Associates Corp grew its holdings in Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Intel by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock valued at $1,759,811,000 after acquiring an additional 2,457,243 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is owned by corporate insiders.

Intel Trading Down 4.4 %

Shares of NASDAQ:INTC opened at $25.05 on Tuesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $108.04 billion, a P/E ratio of -6.73 and a beta of 1.03. The stock’s 50-day moving average is $22.22 and its 200-day moving average is $26.55.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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 return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post -0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley cut their price target on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, UBS Group decreased their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six research 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 stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $30.12.

About Intel

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.