Managed Asset Portfolios LLC Has $10.30 Million Holdings in Intel Co. (NASDAQ:INTC)

Managed Asset Portfolios LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 238.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,942 shares of the chip maker’s stock after acquiring an additional 309,346 shares during the period. Intel makes up approximately 1.5% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 27th largest position. Managed Asset Portfolios LLC’s holdings in Intel were worth $10,298,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. America First Investment Advisors LLC bought a new stake in Intel in the 2nd quarter valued at about $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the second quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new stake in Intel during the second quarter worth approximately $31,000. Financial Connections Group Inc. bought a new position in Intel during the 2nd quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel in the 2nd quarter valued at $33,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several analyst reports. UBS Group reduced their target price on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Susquehanna decreased their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Truist Financial lifted their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $30.12.

Intel Stock Up 0.2 %

Shares of INTC opened at $24.50 on Friday. The stock’s 50-day moving average price is $23.19 and its two-hundred day moving average price is $26.11. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a market capitalization of $105.67 billion, a PE ratio of -6.59 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were 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 approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

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.