Capital Asset Advisory Services LLC Purchases 12,397 Shares of Intel Co. (NASDAQ:INTC)

Capital Asset Advisory Services LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,510 shares of the chip maker’s stock after buying an additional 12,397 shares during the period. Capital Asset Advisory Services LLC’s holdings in Intel were worth $2,025,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter valued at about $25,000. Quest Partners LLC raised its position in 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 acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at approximately $31,000. Groupama Asset Managment lifted its stake in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Intel in the fourth quarter valued at approximately $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Stifel Nicolaus restated a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.88.

Intel Trading Down 3.4 %

INTC opened at $20.83 on Monday. The firm has a 50-day moving average price of $21.23 and a 200-day moving average price of $22.93. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 company 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 company earned $0.28 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts predict that Intel Co. will post -0.87 EPS for the current year.

Intel Company 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.