Elevated Capital Advisors LLC Takes Position in Intel Co. (NASDAQ:INTC)

Elevated Capital Advisors LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,414 shares of the chip maker’s stock, valued at approximately $209,000.

Several other large investors have also made changes to their positions in INTC. Cyrus J. Lawrence LLC acquired a new position in Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Groupama Asset Managment lifted its holdings in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the period. FSA Wealth Management LLC bought a new position in Intel in the third quarter valued at approximately $34,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Intel during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. The Goldman Sachs Group reduced their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Truist Financial increased their price target on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.96.

Intel Stock Performance

NASDAQ INTC opened at $19.20 on Tuesday. The stock has a market cap of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. 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 $50.30. The firm has a 50-day moving average of $21.97 and a 200-day moving average of $23.58.

Intel (NASDAQ:INTC) last announced 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 for the quarter, compared to analyst estimates 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 for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS. On average, sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

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.