Intel Co. (NASDAQ:INTC) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group lifted its position in Intel Co. (NASDAQ:INTC) by 31.1% in the 4th quarter, HoldingsChannel reports. The firm owned 9,046 shares of the chip maker’s stock after purchasing an additional 2,148 shares during the quarter. Brooklyn Investment Group’s holdings in Intel were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the 2nd quarter valued at $27,000. Quest Partners LLC lifted 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 valued at $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new stake in Intel in the fourth quarter valued at $31,000. Groupama Asset Managment grew its position in 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 purchasing an additional 8,084 shares during the period. Finally, Sawyer & Company Inc purchased a new position in shares of Intel during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Northland Securities decreased their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.88.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $21.49 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a 50 day moving average price of $21.55 and a 200 day moving average price of $23.32. The stock has a market capitalization of $92.69 billion, a P/E ratio of -5.78, a PEG ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for 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 quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

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.