Clear Harbor Asset Management LLC Has $2.20 Million Holdings in Intel Co. (NASDAQ:INTC)

Clear Harbor Asset Management LLC grew its stake in Intel Co. (NASDAQ:INTC - Free Report) by 212.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,479 shares of the chip maker's stock after purchasing an additional 74,422 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Intel were worth $2,195,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Perpetual Ltd bought a new position in shares of Intel in the 4th quarter worth about $427,000. Bridgewater Advisors Inc. lifted its holdings in Intel by 61.3% in the fourth quarter. Bridgewater Advisors Inc. now owns 24,774 shares of the chip maker's stock worth $476,000 after acquiring an additional 9,414 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in Intel in the fourth quarter valued at approximately $206,000. Ballast Inc. grew its holdings in shares of Intel by 26.5% during the fourth quarter. Ballast Inc. now owns 42,831 shares of the chip maker's stock valued at $859,000 after purchasing an additional 8,980 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of Intel by 3.1% in the 4th quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker's stock worth $413,000 after purchasing an additional 611 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 sale, 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 is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Stock Up 1.3 %

NASDAQ:INTC traded up $0.28 during trading hours on Tuesday, hitting $21.77. 95,738,235 shares of the stock traded hands, compared to its average volume of 68,396,563. The firm has a 50 day moving average price of $21.48 and a 200 day moving average price of $23.20. The firm has a market cap of $93.89 billion, a price-to-earnings ratio of -5.85, a PEG ratio of 9.46 and a beta of 1.07. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week 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.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate 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 business 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 firm posted $0.28 earnings per share. The firm's quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research report on Thursday, October 17th. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and an average 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.