Empirical Asset Management LLC Makes New Investment in Intel Co. (NASDAQ:INTC)

Empirical Asset Management LLC bought a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,759 shares of the chip maker's stock, valued at approximately $276,000.

A number of other hedge funds also recently added to or reduced their stakes in INTC. Dunhill Financial LLC increased its stake in Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after purchasing an additional 438 shares in the last quarter. MKT Advisors LLC grew its holdings in Intel by 4.8% in the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker's stock valued at $241,000 after purchasing an additional 490 shares during the last quarter. Beaton Management Co. Inc. increased its position in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock valued at $544,000 after buying an additional 500 shares in the last quarter. Everpar Advisors LLC raised its stake in shares of Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker's stock worth $242,000 after buying an additional 504 shares during the last quarter. Finally, Lavaca Capital LLC boosted its position in shares of Intel by 4.7% in the 2nd quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker's stock worth $365,000 after buying an additional 530 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 9.3 %

NASDAQ INTC traded up $1.82 on Friday, reaching $21.49. The company had a trading volume of 163,396,661 shares, compared to its average volume of 50,908,592. The firm has a market capitalization of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07. The firm has a 50-day moving average of $21.55 and a 200-day moving average of $23.27. Intel Co. has a 1 year low of $18.51 and a 1 year 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.

Intel (NASDAQ:INTC - Get Free Report) last released 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 net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the business posted $0.28 earnings per share. Intel's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were 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 $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 available at the SEC website. Insiders own 0.04% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on INTC shares. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on Intel from $22.00 to $21.00 and set a "sell" rating for the company in a research report on Thursday, October 17th. Bank of America reissued an "underperform" rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Rosenblatt Securities reaffirmed a "sell" rating and set a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Finally, Truist Financial boosted 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. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.88.

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.