Capital Asset Advisory Services LLC Increases Stock Holdings in Intel Co. (NASDAQ:INTC)

Capital Asset Advisory Services LLC raised its stake in Intel Co. (NASDAQ:INTC - Free Report) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,510 shares of the chip maker's stock after buying an additional 12,397 shares during the period. Capital Asset Advisory Services LLC's holdings in Intel were worth $2,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Dunhill Financial LLC raised its holdings in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after acquiring an additional 438 shares during the period. MKT Advisors LLC grew its position in shares of Intel by 4.8% during the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker's stock worth $241,000 after purchasing an additional 490 shares in the last quarter. Beaton Management Co. Inc. raised its stake in Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock valued at $544,000 after purchasing an additional 500 shares during the period. Everpar Advisors LLC lifted its holdings in Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker's stock worth $242,000 after purchasing an additional 504 shares in the last quarter. Finally, Missouri Trust & Investment Co boosted its stake in Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock worth $314,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.54 during mid-day trading on Monday, hitting $20.29. The stock had a trading volume of 82,917,524 shares, compared to its average volume of 67,952,703. The company has a 50 day moving average of $21.23 and a two-hundred day moving average of $22.85. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $87.51 billion, a PE ratio of -5.45, a PEG ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 during the quarter, compared to analysts' expectations of $13.02 billion. During the same quarter in the prior year, the company earned $0.28 EPS. Intel's quarterly revenue was down 6.3% on a year-over-year basis. Research analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred 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 in the company, 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 hyperlink. Company insiders own 0.04% of the company's stock.

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus reiterated a "hold" rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Bank of America restated an "underperform" rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. The Goldman Sachs Group decreased their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research note on Thursday, October 17th. Finally, Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus target price of $27.88.

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.