Aljian Capital Management LLC Acquires New Shares in Intel Co. (NASDAQ:INTC)

Aljian Capital Management LLC bought a new position in Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,442 shares of the chip maker’s stock, valued at approximately $386,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. bought a new stake in Intel in the 2nd quarter valued at about $2,178,000. Fortis Group Advisors LLC increased its stake in shares of Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after purchasing an additional 157,991 shares during the period. Mizuho Securities Co. Ltd. raised its holdings in shares of Intel by 2,910.4% during the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after buying an additional 27,940 shares during the last quarter. Private Advisory Group LLC acquired a new position in shares of Intel during the third quarter worth approximately $8,045,000. Finally, Tyler Stone Wealth Management boosted its position in shares of Intel by 105.4% during the third quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock worth $968,000 after buying an additional 21,177 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Northland Securities decreased their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Down 2.7 %

Shares of Intel stock opened at $24.35 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a market cap of $105.02 billion, a P/E ratio of -6.55 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 has a 50-day moving average price of $22.69 and a 200 day moving average price of $26.30.

Intel (NASDAQ:INTC) last issued its 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). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, analysts expect that Intel Co. will post -0.83 EPS for the current fiscal year.

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.