Encompass Wealth Advisors LLC Buys 3,114 Shares of Intel Co. (NASDAQ:INTC)

Encompass Wealth Advisors LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 19.7% during the 3rd quarter, Holdings Channel reports. The fund owned 18,893 shares of the chip maker’s stock after acquiring an additional 3,114 shares during the period. Encompass Wealth Advisors LLC’s holdings in Intel were worth $443,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Aptus Capital Advisors LLC grew its stake in Intel by 19.5% in the third quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock valued at $1,129,000 after acquiring an additional 7,861 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Intel by 10.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 41,468 shares of the chip maker’s stock worth $973,000 after purchasing an additional 4,089 shares in the last quarter. Platform Technology Partners grew its position in Intel by 43.5% in the 3rd quarter. Platform Technology Partners now owns 11,565 shares of the chip maker’s stock valued at $271,000 after purchasing an additional 3,508 shares during the period. Rakuten Securities Inc. increased its stake in Intel by 217.0% during the 3rd quarter. Rakuten Securities Inc. now owns 91,251 shares of the chip maker’s stock valued at $2,141,000 after purchasing an additional 62,461 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Intel by 1.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,380,522 shares of the chip maker’s stock worth $243,527,000 after buying an additional 163,478 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

NASDAQ INTC opened at $24.16 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm’s 50-day simple moving average is $22.28 and its two-hundred day simple moving average is $26.48. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last announced 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 net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts predict that Intel Co. will post -0.83 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on INTC shares. JPMorgan Chase & Co. decreased their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and cut their target price for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Roth Mkm lowered their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.12.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, 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. Corporate insiders own 0.04% of the company’s stock.

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.