Murphy Pohlad Asset Management LLC Boosts Stake in Intel Co. (NASDAQ:INTC)

Murphy Pohlad Asset Management LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,494 shares of the chip maker's stock after buying an additional 22,049 shares during the quarter. Intel makes up approximately 1.8% of Murphy Pohlad Asset Management LLC's investment portfolio, making the stock its 12th biggest holding. Murphy Pohlad Asset Management LLC's holdings in Intel were worth $4,422,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. America First Investment Advisors LLC purchased a new stake in Intel during the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter worth $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the 2nd quarter worth $31,000. Financial Connections Group Inc. purchased a new position in Intel during the 2nd quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the 2nd quarter valued at about $33,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of Intel stock traded up $1.68 during mid-day trading on Friday, reaching $23.20. 173,471,115 shares of the stock traded hands, compared to its average volume of 59,380,906. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $21.79 and a 200 day moving average of $26.96. The stock has a market capitalization of $99.20 billion, a PE ratio of -6.24 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analysts' expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. On average, analysts predict that Intel Co. will post -0.47 EPS for the current year.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTC. Robert W. Baird upped their price target on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday. Argus cut Intel from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. New Street Research lowered Intel from a "buy" rating to a "neutral" rating in a report on Friday, August 2nd. UBS Group reduced their price objective on Intel from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald reduced their price target on shares of Intel from $40.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.