Ameritas Advisory Services LLC Has $2.98 Million Stock Position in Intel Co. (NASDAQ:INTC)

Ameritas Advisory Services LLC grew its position in Intel Co. (NASDAQ:INTC) by 365.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,418 shares of the chip maker’s stock after buying an additional 116,510 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Intel were worth $2,976,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the second quarter worth about $27,000. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter worth about $31,000. Groupama Asset Managment lifted its position in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in shares of Intel in the fourth quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Bank of America reissued an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $29.88.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Intel Stock Up 9.3 %

INTC opened at $21.49 on Monday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm’s fifty day moving average price is $21.55 and its two-hundred day moving average price is $23.27. The company has a market capitalization of $92.69 billion, a P/E ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07.

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

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.