Premier Fund Managers Ltd Buys 95,429 Shares of Intel Co. (NASDAQ:INTC)

Premier Fund Managers Ltd increased its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 62.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,678 shares of the chip maker's stock after buying an additional 95,429 shares during the quarter. Premier Fund Managers Ltd's holdings in Intel were worth $5,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. America First Investment Advisors LLC bought a new stake in shares of Intel during the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the 2nd quarter worth about $27,000. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in shares of Intel during the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel during the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated 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 transaction, 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. Insiders own 0.04% of the company's stock.

Intel Stock Down 1.9 %

INTC traded down $0.45 during trading on Wednesday, hitting $23.75. The company had a trading volume of 23,888,261 shares, compared to its average volume of 59,899,520. The firm's 50-day moving average price is $22.91 and its 200 day moving average price is $26.21. The company has a market capitalization of $102.43 billion, a PE ratio of -6.47 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $18.51 and a one year high of $51.28.

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 firm had revenue of $13.30 billion for 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 company's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, equities analysts expect that Intel Co. will post -0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays lowered their price objective on Intel from $40.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, August 2nd. Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. HSBC lowered shares of Intel from a "hold" rating to a "reduce" rating in a report on Friday, August 2nd. Daiwa America raised shares of Intel to a "hold" rating in a report on Monday, August 26th. Finally, Bank of America cut shares of Intel from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $30.12.

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.