Natixis Advisors LLC Has $7.48 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Natixis Advisors LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 61.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 318,858 shares of the chip maker’s stock after selling 517,153 shares during the quarter. Natixis Advisors LLC’s holdings in Intel were worth $7,480,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Intel during the 2nd quarter worth about $2,178,000. Fortis Group Advisors LLC lifted its stake in shares of Intel by 1,052.9% during the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares during the last quarter. Mizuho Securities Co. Ltd. lifted its stake in shares of Intel by 2,910.4% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after buying an additional 27,940 shares during the last quarter. Private Advisory Group LLC acquired a new stake in shares of Intel during the 3rd quarter worth about $8,045,000. Finally, Tyler Stone Wealth Management increased its position in Intel by 105.4% during the third quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock worth $968,000 after acquiring an additional 21,177 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on INTC shares. Barclays lowered their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Wedbush lowered their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Truist Financial raised their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.12.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by corporate insiders.

Intel Stock Up 1.7 %

NASDAQ:INTC opened at $24.43 on Friday. The firm’s 50 day simple moving average is $23.10 and its 200 day simple moving average is $26.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a market cap of $105.35 billion, a PE ratio of -6.57 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted 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 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 quarter in the prior year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Intel Co. will post -0.83 earnings per share 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.