Eclectic Associates Inc. ADV Has $316,000 Position in Intel Co. (NASDAQ:INTC)

Eclectic Associates Inc. ADV lessened its stake in Intel Co. (NASDAQ:INTC) by 46.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,745 shares of the chip maker’s stock after selling 13,689 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Intel were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. 1832 Asset Management L.P. grew its position in Intel by 23.7% in the second quarter. 1832 Asset Management L.P. now owns 3,977 shares of the chip maker’s stock worth $123,000 after acquiring an additional 762 shares in the last quarter. AXA S.A. boosted its holdings in Intel by 23.4% in the second quarter. AXA S.A. now owns 1,107,223 shares of the chip maker’s stock worth $34,291,000 after purchasing an additional 209,710 shares in the last quarter. AQR Capital Management LLC increased its position in Intel by 44.6% during the second quarter. AQR Capital Management LLC now owns 3,774,633 shares of the chip maker’s stock worth $116,844,000 after buying an additional 1,164,725 shares during the last quarter. APG Asset Management N.V. raised its holdings in Intel by 1.2% during the second quarter. APG Asset Management N.V. now owns 2,774,904 shares of the chip maker’s stock valued at $80,185,000 after buying an additional 32,319 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Intel by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,298,169 shares of the chip maker’s stock worth $102,144,000 after buying an additional 75,685 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock opened at $20.83 on Friday. The business has a 50 day simple moving average of $21.30 and a 200 day simple moving average of $23.11. 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 one year low of $18.51 and a one year high of $50.30.

Intel (NASDAQ:INTC) last issued its 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, UBS Group decreased their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.81.

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 stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.