Benjamin Edwards Inc. Boosts Position in Intel Co. (NASDAQ:INTC)

Benjamin Edwards Inc. raised its position in Intel Co. (NASDAQ:INTC - Free Report) by 35,983.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,836 shares of the chip maker's stock after acquiring an additional 32,745 shares during the period. Benjamin Edwards Inc.'s holdings in Intel were worth $770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of INTC. America First Investment Advisors LLC acquired a new position in shares of Intel during the second quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the 2nd quarter valued at approximately $27,000. Quest Partners LLC raised 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 last quarter. Spartan Fund Management Inc. purchased a new position in shares of Intel in the second quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter worth $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's 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 sale, the executive vice president now owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Trading Up 0.6 %

Shares of NASDAQ INTC traded up $0.12 during midday trading on Friday, reaching $20.92. 78,235,227 shares of the stock were exchanged, compared to its average volume of 69,731,120. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock has a market capitalization of $90.23 billion, a P/E ratio of -5.62 and a beta of 1.05. The company has a 50 day simple moving average of $23.34 and a 200 day simple moving average of $25.51. 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 (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for 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 firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, equities analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a report on Thursday, October 17th. TD Cowen upgraded shares of Intel to a "hold" rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Intel from $27.00 to $25.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Northland Securities lowered their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.04.

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.