Valmark Advisers Inc. Has $242,000 Stake in Intel Co. (NASDAQ:INTC)

Valmark Advisers Inc. lifted its stake in Intel Co. (NASDAQ:INTC) by 10.2% in the third quarter, Holdings Channel.com reports. The firm owned 10,317 shares of the chip maker’s stock after acquiring an additional 957 shares during the quarter. Valmark Advisers Inc.’s holdings in Intel were worth $242,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new stake in shares of Intel during the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel during the second quarter valued at $27,000. Spartan Fund Management Inc. acquired a new stake in Intel during the second quarter valued at $31,000. Financial Connections Group Inc. purchased a new position in Intel in the second quarter valued at about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Intel during the 2nd quarter worth about $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Roth Mkm lowered their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Truist Financial decreased their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Wedbush cut their target price on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Susquehanna decreased their price target on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.80.

Intel Price Performance

Shares of INTC stock opened at $21.52 on Friday. The company has a market capitalization of $91.61 billion, a P/E ratio of 22.42 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The stock has a 50 day moving average of $21.74 and a two-hundred day moving average of $27.12.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. As a group, equities analysts expect that Intel Co. will post -0.47 EPS for the current year.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by company insiders.

Intel Company 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.