General Partner Inc. Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

General Partner Inc. grew its position in Intel Co. (NASDAQ:INTC) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,366 shares of the chip maker’s stock after acquiring an additional 750 shares during the quarter. General Partner Inc.’s holdings in Intel were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in INTC. Pzena Investment Management LLC grew its position in shares of Intel by 19.5% in the second quarter. Pzena Investment Management LLC now owns 12,789 shares of the chip maker’s stock valued at $396,000 after purchasing an additional 2,084 shares in the last quarter. FineMark National Bank & Trust increased its stake in shares of Intel by 23.0% in the 2nd quarter. FineMark National Bank & Trust now owns 14,906 shares of the chip maker’s stock worth $462,000 after acquiring an additional 2,789 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Intel by 2.9% during the 2nd quarter. TD Asset Management Inc now owns 2,164,825 shares of the chip maker’s stock worth $67,045,000 after acquiring an additional 61,267 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Intel by 3.9% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 18,136 shares of the chip maker’s stock valued at $562,000 after acquiring an additional 689 shares during the last quarter. Finally, Foster & Motley Inc. grew its holdings in shares of Intel by 7.9% in the second quarter. Foster & Motley Inc. now owns 6,851 shares of the chip maker’s stock valued at $212,000 after purchasing an additional 500 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of INTC remained flat at $20.22 during mid-day trading on Friday. The stock had a trading volume of 10,562,657 shares, compared to its average volume of 27,756,947. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The firm has a market capitalization of $87.21 billion, a PE ratio of -5.44 and a beta of 1.05. The firm’s 50-day moving average price is $22.36 and its 200 day moving average price is $24.21.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the business posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. The Goldman Sachs Group reduced their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.04.

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.