Floyd Financial Group LLC Makes New Investment in Intel Co. (NASDAQ:INTC)

Floyd Financial Group LLC purchased a new position in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 76,761 shares of the chip maker's stock, valued at approximately $1,470,000. Intel makes up 1.2% of Floyd Financial Group LLC's portfolio, making the stock its 25th biggest holding.

A number of other large investors also recently bought and sold shares of the business. Dunhill Financial LLC boosted its holdings in Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock worth $56,000 after buying an additional 438 shares during the last quarter. MKT Advisors LLC lifted its position in shares of 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 acquiring an additional 490 shares in the last quarter. Beaton Management Co. Inc. boosted its stake 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 worth $544,000 after acquiring an additional 500 shares during the last quarter. Everpar Advisors LLC increased its position in shares of Intel by 5.1% during the third 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, Lavaca Capital LLC raised its stake in Intel by 4.7% in the 2nd quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker's stock valued at $365,000 after purchasing an additional 530 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 1.3 %

Intel stock opened at $19.45 on Wednesday. The stock has a 50-day simple moving average of $21.89 and a 200-day simple moving average of $23.49. The company has a market capitalization of $83.89 billion, a P/E ratio of -5.23 and a beta of 1.07. 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 Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the company posted $0.28 earnings per share. Intel's revenue was down 6.3% compared to the same quarter last year. Equities research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on INTC shares. Truist Financial lifted their target price on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, November 1st. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.96.

Insider Buying and Selling at Intel

In other 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 value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

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.