Intel Co. (NASDAQ:INTC) Holdings Increased by Cypress Capital Group

Cypress Capital Group lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 21.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,118 shares of the chip maker’s stock after acquiring an additional 20,945 shares during the quarter. Cypress Capital Group’s holdings in Intel were worth $2,771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the second quarter worth about $27,000. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. bought a new position in shares of Intel during the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel in the 2nd quarter worth approximately $32,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. Roth Mkm reduced their price objective 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, The Goldman Sachs Group dropped their price objective 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. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Stock Down 0.8 %

Shares of NASDAQ INTC opened at $24.01 on Thursday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The business has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $26.20.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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). The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, equities research analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

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.