Bonness Enterprises Inc. Has $1.96 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Bonness Enterprises Inc. reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,850 shares of the chip maker's stock after selling 43,300 shares during the quarter. Intel accounts for 0.7% of Bonness Enterprises Inc.'s investment portfolio, making the stock its 26th biggest holding. Bonness Enterprises Inc.'s holdings in Intel were worth $1,962,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cyrus J. Lawrence LLC purchased a new position in Intel during the second quarter valued at approximately $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 valued at $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new position in shares of Intel during the 4th quarter valued at $31,000. Groupama Asset Managment increased its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after acquiring an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new stake in shares of Intel during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were 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 owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Performance

Shares of NASDAQ:INTC traded up $0.28 on Tuesday, hitting $21.77. 95,721,867 shares of the company were exchanged, compared to its average volume of 68,396,563. 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 company's 50 day moving average price is $21.48 and its two-hundred day moving average price is $23.20. Intel Co. has a one year low of $18.51 and a one year high of $50.30. The firm has a market capitalization 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 (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company's revenue was down 6.3% on a year-over-year basis. Research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on INTC shares. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Finally, UBS Group cut their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $28.81.

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.