Captrust Financial Advisors decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 38.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 301,806 shares of the chip maker's stock after selling 191,301 shares during the period. Captrust Financial Advisors' holdings in Intel were worth $6,817,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of INTC. Van ECK Associates Corp grew its position in Intel by 60.5% during the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker's stock valued at $1,071,308,000 after buying an additional 13,035,566 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Davis Selected Advisers increased its stake in shares of Intel by 86.2% during the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker's stock worth $391,533,000 after purchasing an additional 5,851,098 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Intel in the 2nd quarter worth approximately $162,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Intel by 2,681.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,431,749 shares of the chip maker's stock valued at $137,251,000 after purchasing an additional 4,272,395 shares during the period. 64.53% of the stock is owned by institutional investors.
Shares of Intel stock opened at $23.93 on Tuesday. The firm has a market capitalization of $103.21 billion, a PE ratio of -6.43 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The business's 50-day moving average price is $23.50 and its 200-day moving average price is $25.80.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. Sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.
In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.04% of the stock is owned by corporate insiders.
INTC has been the topic of a number of recent research reports. Truist Financial upped their price target on Intel from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Rosenblatt Securities reiterated a "sell" rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Argus cut shares of Intel from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft cut 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. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $30.12.
Check Out Our Latest Stock Report on INTC
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.
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