West Oak Capital LLC Boosts Position in Intel Co. (NASDAQ:INTC)

West Oak Capital LLC raised its stake in Intel Co. (NASDAQ:INTC) by 269.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,920 shares of the chip maker’s stock after acquiring an additional 5,775 shares during the period. West Oak Capital LLC’s holdings in Intel were worth $159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in shares of Intel during the second quarter worth approximately $2,178,000. Geode Capital Management LLC boosted its stake in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the period. Principal Financial Group Inc. increased its position in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after acquiring an additional 204,200 shares during the period. Swiss National Bank raised its stake in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after acquiring an additional 31,800 shares during the last quarter. Finally, SGL Investment Advisors Inc. acquired a new stake in Intel during the 3rd quarter worth approximately $2,365,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly 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 SEC, which is available at this hyperlink. 0.04% of the stock is owned by corporate insiders.

Intel Trading Down 3.7 %

NASDAQ INTC traded down $0.73 during trading hours on Friday, hitting $19.15. 71,092,595 shares of the company’s stock were exchanged, compared to its average volume of 59,900,391. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $82.59 billion, a P/E ratio of -5.15 and a beta of 1.07. The business’s 50 day moving average is $22.12 and its 200-day moving average is $23.83. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on INTC. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. The Goldman Sachs Group reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Mizuho decreased their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Finally, Truist Financial upped their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Six equities 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.96.

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.