Denver PWM LLC Has $620,000 Holdings in Intel Co. (NASDAQ:INTC)

Denver PWM LLC grew its position in Intel Co. (NASDAQ:INTC) by 752.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,425 shares of the chip maker’s stock after purchasing an additional 23,324 shares during the quarter. Denver PWM LLC’s holdings in Intel were worth $620,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in INTC. Triad Wealth Partners LLC acquired a new position in shares of Intel in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. boosted its position in Intel by 23.5% in the second quarter. Blue Trust Inc. now owns 42,177 shares of the chip maker’s stock valued at $1,306,000 after buying an additional 8,035 shares in the last quarter. Everpar Advisors LLC grew its stake in shares of Intel by 4.6% during the second quarter. Everpar Advisors LLC now owns 9,822 shares of the chip maker’s stock worth $304,000 after buying an additional 435 shares during the last quarter. Tyche Wealth Partners LLC lifted its stake in shares of Intel by 40.6% in the 2nd quarter. Tyche Wealth Partners LLC now owns 17,464 shares of the chip maker’s stock valued at $541,000 after acquiring an additional 5,040 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Intel by 6.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 13,329 shares of the chip maker’s stock valued at $413,000 after acquiring an additional 844 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 3.3 %

Shares of Intel stock opened at $20.78 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The stock has a 50 day moving average price of $23.17 and a two-hundred day moving average price of $25.30. The stock has a market capitalization of $89.62 billion, a PE ratio of -5.59 and a beta of 1.05.

Intel (NASDAQ:INTC) last posted its earnings results 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). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, equities analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Daiwa America upgraded shares of Intel to a “hold” rating in a report on Monday, August 26th. Truist Financial boosted their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $30.04.

Insider Activity

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 value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.