Intel Co. (NASDAQ:INTC) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,109 shares of the chip maker’s stock after buying an additional 1,633 shares during the period. Townsquare Capital LLC’s holdings in Intel were worth $1,434,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of INTC. First Hawaiian Bank grew its stake in Intel by 2.1% during the 2nd quarter. First Hawaiian Bank now owns 44,830 shares of the chip maker’s stock worth $1,388,000 after buying an additional 940 shares during the last quarter. Mather Group LLC. grew its position in shares of Intel by 67.5% during the second quarter. Mather Group LLC. now owns 43,598 shares of the chip maker’s stock worth $1,350,000 after acquiring an additional 17,562 shares during the last quarter. Lynx Investment Advisory bought a new stake in Intel in the 2nd quarter valued at about $81,000. Harbor Capital Advisors Inc. boosted its stake in Intel by 3.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 51,999 shares of the chip maker’s stock valued at $1,610,000 after purchasing an additional 1,738 shares during the period. Finally, Value Partners Investments Inc. grew its position in Intel by 64.8% in the 2nd quarter. Value Partners Investments Inc. now owns 11,740 shares of the chip maker’s stock worth $364,000 after purchasing an additional 4,618 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Intel to a “hold” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Trading Up 1.7 %

NASDAQ:INTC opened at $24.05 on Monday. The stock has a market cap of $103.73 billion, a PE ratio of -6.47 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s 50-day moving average is $23.48 and its two-hundred day moving average is $25.85.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal 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.