Perpetual Ltd Takes $427,000 Position in Intel Co. (NASDAQ:INTC)

Perpetual Ltd purchased a new position in Intel Co. (NASDAQ:INTC) in the 4th quarter, Holdings Channel.com reports. The firm purchased 21,290 shares of the chip maker’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Dunhill Financial LLC lifted its position in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. MKT Advisors LLC lifted its holdings in shares of Intel by 4.8% during the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after acquiring an additional 490 shares during the period. Beaton Management Co. Inc. boosted its stake in shares of Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares in the last quarter. Everpar Advisors LLC grew its holdings in shares of Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after purchasing an additional 504 shares during the last quarter. Finally, First Financial Bankshares Inc increased its position in shares of Intel by 2.7% during the 3rd quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock worth $490,000 after purchasing an additional 557 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Barclays reduced their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.81.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.

Intel Trading Up 0.4 %

INTC opened at $21.86 on Thursday. The firm’s fifty day moving average is $21.44 and its two-hundred day moving average is $23.13. The firm has a market cap of $94.28 billion, a PE ratio of -5.88, a price-to-earnings-growth ratio of 9.46 and a beta of 1.07. Intel Co. has a twelve month low of $18.51 and a twelve month 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.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the business posted $0.28 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts anticipate 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.