Intel Co. (NASDAQ:INTC) Stock Holdings Increased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,197 shares of the chip maker’s stock after buying an additional 721 shares during the period. Chicago Partners Investment Group LLC’s holdings in Intel were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Intel by 32.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker’s stock valued at $1,287,000 after acquiring an additional 13,496 shares during the last quarter. Murphy Pohlad Asset Management LLC lifted its holdings in shares of Intel by 13.2% during the third quarter. Murphy Pohlad Asset Management LLC now owns 188,494 shares of the chip maker’s stock valued at $4,422,000 after purchasing an additional 22,049 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its position in shares of Intel by 29.5% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 58,181 shares of the chip maker’s stock valued at $1,365,000 after purchasing an additional 13,270 shares during the period. Silver Coast Investments LLC purchased a new position in Intel in the 3rd quarter worth about $212,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in Intel by 152.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 66,281 shares of the chip maker’s stock worth $1,555,000 after buying an additional 39,978 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $23.20 on Monday. The stock has a market cap of $99.20 billion, a P/E ratio of -6.24 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company’s 50-day simple moving average is $21.79 and its 200 day simple moving average is $26.90.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The company had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a negative return on equity of 1.68% and a negative net margin of 29.42%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on INTC shares. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Wedbush lowered their price target on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Cantor Fitzgerald reduced their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six investment 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. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $30.12.

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.