Intel Co. (NASDAQ:INTC) Shares Purchased by Cypress Capital Group

Cypress Capital Group raised its stake in Intel Co. (NASDAQ:INTC - Free Report) by 21.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,118 shares of the chip maker's stock after acquiring an additional 20,945 shares during the quarter. Cypress Capital Group's holdings in Intel were worth $2,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Primecap Management Co. CA boosted its stake in shares of Intel by 2.2% during the 2nd quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker's stock worth $2,410,166,000 after purchasing an additional 1,697,550 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock valued at $967,426,000 after buying an additional 9,422,136 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Intel by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker's stock worth $1,759,811,000 after acquiring an additional 2,457,243 shares during the period. Legal & General Group Plc raised its holdings in Intel by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker's stock valued at $1,161,779,000 after acquiring an additional 487,191 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Intel by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,512,863 shares of the chip maker's stock worth $759,127,000 after purchasing an additional 656,583 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 0.8 %

Shares of INTC opened at $24.01 on Thursday. 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 12-month low of $18.51 and a 12-month high of $51.28. The business's fifty day moving average price is $23.00 and its 200 day moving average price is $26.20.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business's revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Research analysts anticipate that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Activity

In other 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 sale, the executive vice president now owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.04% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on INTC. Hsbc Global Res downgraded Intel from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. New Street Research lowered shares of Intel from a "buy" rating to a "neutral" rating in a research report on Friday, August 2nd. Stifel Nicolaus reiterated a "hold" rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Bank of America downgraded Intel from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. Finally, Cantor Fitzgerald reduced their target price on Intel from $40.00 to $27.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Six 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.12.

Intel 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.

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