Intel Co. (NASDAQ:INTC) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 288.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 278,245 shares of the chip maker's stock after acquiring an additional 206,609 shares during the period. Quantinno Capital Management LP's holdings in Intel were worth $6,528,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Key Financial Inc increased its position in shares of Intel by 4.1% during the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker's stock worth $269,000 after purchasing an additional 340 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in Intel by 1.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker's stock valued at $767,000 after buying an additional 348 shares during the period. Cidel Asset Management Inc. raised its holdings in Intel by 0.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker's stock valued at $2,000,000 after buying an additional 381 shares during the period. Alhambra Investment Management LLC raised its holdings in Intel by 5.9% in the 2nd quarter. Alhambra Investment Management LLC now owns 7,000 shares of the chip maker's stock valued at $217,000 after buying an additional 389 shares during the period. Finally, Everpar Advisors LLC raised its holdings in Intel by 4.6% in the 2nd quarter. Everpar Advisors LLC now owns 9,822 shares of the chip maker's stock valued at $304,000 after buying an additional 435 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

NASDAQ:INTC traded up $0.12 during trading hours on Friday, hitting $20.92. The company's stock had a trading volume of 78,235,227 shares, compared to its average volume of 69,731,120. The business's 50-day moving average is $23.34 and its two-hundred day moving average is $25.55. The company has a market capitalization of $90.23 billion, a PE ratio of -5.62 and a beta of 1.05. 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 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $13.30 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, research analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus reiterated a "hold" rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Daiwa America upgraded shares of Intel to a "hold" rating in a research note on Monday, August 26th. Finally, Mizuho boosted their price target on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and an average price target of $30.04.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction 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 $7,104,708. This trade 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 is available at the SEC website. Company insiders own 0.04% of the company's stock.

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.