Intel Co. (NASDAQ:INTC) Shares Bought by Johnson Bixby & Associates LLC

Johnson Bixby & Associates LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 19.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,720 shares of the chip maker’s stock after buying an additional 9,678 shares during the period. Johnson Bixby & Associates LLC’s holdings in Intel were worth $1,197,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $25,000. Quest Partners LLC grew its stake in Intel by 7,370.6% during the 3rd 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 last quarter. West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter worth $31,000. Groupama Asset Managment lifted its stake in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Intel during the fourth quarter valued at $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 1.3 %

Intel stock opened at $21.57 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average price is $21.37 and its two-hundred day moving average price is $23.12.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the business posted $0.28 earnings per share. Intel’s revenue was down 6.3% on a year-over-year basis. On average, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on INTC shares. Truist Financial lifted their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Mizuho reduced their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $28.81.

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.