Mirador Capital Partners LP Raises Holdings in Intel Co. (NASDAQ:INTC)

Mirador Capital Partners LP boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 103,687 shares of the chip maker’s stock after buying an additional 1,566 shares during the quarter. Mirador Capital Partners LP’s holdings in Intel were worth $2,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of INTC. Edgestream Partners L.P. lifted its holdings in Intel by 74.1% in the 2nd quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock worth $373,000 after buying an additional 5,124 shares during the period. Axxcess Wealth Management LLC lifted its holdings in Intel by 17.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 166,626 shares of the chip maker’s stock worth $5,160,000 after buying an additional 24,596 shares during the period. SYSTM Wealth Solutions LLC lifted its holdings in Intel by 13.0% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 13,029 shares of the chip maker’s stock worth $404,000 after buying an additional 1,504 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Intel by 12.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 69,999 shares of the chip maker’s stock worth $2,168,000 after buying an additional 7,501 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Intel by 3.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 314,768 shares of the chip maker’s stock worth $9,662,000 after buying an additional 9,937 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

NASDAQ INTC opened at $19.56 on Thursday. The business’s fifty day moving average is $21.89 and its 200 day moving average is $23.49. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a market capitalization of $84.36 billion, a PE ratio of -5.26, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Intel’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Robert W. Baird raised their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Truist Financial raised their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Finally, Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.96.

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.