B. Metzler seel. Sohn & Co. Holding AG Invests $6.70 Million in Intel Co. (NASDAQ:INTC)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Intel Co. (NASDAQ:INTC) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 285,521 shares of the chip maker’s stock, valued at approximately $6,698,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. lifted its holdings in shares of Intel by 5.0% in the 1st quarter. Bessemer Group Inc. now owns 97,799 shares of the chip maker’s stock valued at $4,320,000 after purchasing an additional 4,692 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Intel in the first quarter valued at approximately $7,039,000. MQS Management LLC purchased a new position in shares of Intel during the first quarter worth approximately $228,000. EntryPoint Capital LLC purchased a new position in shares of Intel during the first quarter worth approximately $118,000. Finally, CreativeOne Wealth LLC increased its holdings in shares of Intel by 38.1% in the 1st quarter. CreativeOne Wealth LLC now owns 40,977 shares of the chip maker’s stock valued at $1,810,000 after acquiring an additional 11,313 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research reports. Wedbush lowered their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley decreased their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Roth Mkm cut their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.12.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Performance

Shares of INTC stock opened at $24.20 on Wednesday. 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 company has a market cap of $104.37 billion, a PE ratio of -6.51 and a beta of 1.03. The company’s fifty day simple moving average is $22.91 and its 200-day simple moving average is $26.21. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

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

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.