Turtle Creek Wealth Advisors LLC Acquires 890 Shares of Intel Co. (NASDAQ:INTC)

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,404 shares of the chip maker’s stock after buying an additional 890 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Intel were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel during the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the second quarter worth about $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel during the second quarter valued at about $31,000. Financial Connections Group Inc. purchased a new position in shares of Intel in the 2nd quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Intel in the second quarter worth $33,000. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Trading Down 2.7 %

Shares of Intel stock traded down $0.68 during mid-day trading on Friday, hitting $24.35. The stock had a trading volume of 55,104,875 shares, compared to its average volume of 60,061,836. The firm 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 quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average of $22.69 and a two-hundred day moving average of $26.36. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last posted its 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 during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. Sell-side analysts forecast that Intel Co. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several research analyst reports. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six 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 company. According to data from MarketBeat.com, 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.