Harbor Capital Advisors Inc. Has $1.30 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Harbor Capital Advisors Inc. increased its position in Intel Co. (NASDAQ:INTC) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,271 shares of the chip maker’s stock after purchasing an additional 3,272 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Intel were worth $1,297,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts recently commented on INTC shares. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Susquehanna decreased their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Barclays reduced their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Stock Up 3.6 %

INTC stock opened at $23.32 on Wednesday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The business’s 50 day simple moving average is $21.90 and its 200 day simple moving average is $26.73. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $99.72 billion, a PE ratio of -6.27 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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). The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, research analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

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.