Biltmore Family Office LLC Buys 670 Shares of Intel Co. (NASDAQ:INTC)

Biltmore Family Office LLC raised its stake in Intel Co. (NASDAQ:INTC) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,502 shares of the chip maker’s stock after acquiring an additional 670 shares during the quarter. Biltmore Family Office LLC’s holdings in Intel were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. Charles Schwab Investment Management Inc. boosted its holdings in Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock worth $743,457,000 after buying an additional 2,248,332 shares during the period. L & S Advisors Inc boosted its holdings in shares of Intel by 6.1% in the third quarter. L & S Advisors Inc now owns 12,741 shares of the chip maker’s stock worth $299,000 after acquiring an additional 737 shares during the period. Pacer Advisors Inc. boosted its stake in Intel by 5.2% in the 3rd quarter. Pacer Advisors Inc. now owns 603,456 shares of the chip maker’s stock worth $14,157,000 after purchasing an additional 29,652 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Intel by 12.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,095,962 shares of the chip maker’s stock valued at $189,931,000 after buying an additional 910,345 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Intel by 95.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 26,076 shares of the chip maker’s stock worth $612,000 after buying an additional 12,711 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

INTC opened at $24.43 on Friday. 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 stock has a market capitalization of $105.35 billion, a PE ratio of -6.57 and a beta of 1.03. The stock’s 50 day moving average price is $23.10 and its 200-day moving average price is $26.19. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company 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 business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, equities research analysts predict that Intel Co. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several recent analyst reports. Roth Mkm reduced their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Susquehanna cut their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $30.12.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by company insiders.

Intel 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.