Apollon Wealth Management LLC Purchases 20,047 Shares of Intel Co. (NASDAQ:INTC)

Apollon Wealth Management LLC grew its position in Intel Co. (NASDAQ:INTC) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,968 shares of the chip maker’s stock after purchasing an additional 20,047 shares during the quarter. Apollon Wealth Management LLC’s holdings in Intel were worth $5,043,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of INTC. America First Investment Advisors LLC bought a new stake in Intel during the second quarter valued at $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the 2nd quarter valued at about $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 stake in Intel in the second quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel in the second quarter valued at approximately $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were 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 of the company’s stock, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Down 3.6 %

INTC stock opened at $24.16 on Wednesday. The stock has a market cap of $104.20 billion, a P/E ratio of -6.49 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. The stock’s fifty day simple moving average is $22.28 and its two-hundred day simple moving average is $26.48. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period last year, the firm posted $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts expect that Intel Co. will post -0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research analyst reports. Cantor Fitzgerald lowered their price objective on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Wedbush cut 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. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company 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.