Cassady Schiller Wealth Management LLC Has $56,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Cassady Schiller Wealth Management LLC increased its stake in Intel Co. (NASDAQ:INTC) by 72.6% during the third quarter, Holdings Channel.com reports. The fund owned 2,406 shares of the chip maker’s stock after buying an additional 1,012 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Intel were worth $56,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in INTC. Guardian Capital Advisors LP boosted its stake in shares of Intel by 2.1% in the 1st quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock valued at $708,000 after purchasing an additional 328 shares during the last quarter. Key Financial Inc lifted its holdings in Intel by 4.1% in the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after buying an additional 340 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Intel by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after acquiring an additional 348 shares during the last quarter. Cypress Asset Management Inc. TX grew its holdings in Intel by 1.6% during the 1st quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock worth $1,015,000 after acquiring an additional 350 shares during the period. Finally, Cidel Asset Management Inc. raised its position in shares of Intel by 0.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock worth $2,000,000 after acquiring an additional 381 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on INTC shares. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Raymond James cut Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Morgan Stanley lowered their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group cut their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Finally, TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday, September 16th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $30.12.

Intel Stock Down 2.7 %

Shares of NASDAQ:INTC opened at $24.35 on Friday. The company’s 50-day moving average is $22.69 and its 200 day moving average is $26.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Activity at Intel

In other Intel 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 value of $650,000.00. Following the sale, the executive vice president now 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 legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by corporate insiders.

Intel Company 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.