Intel Co. (NASDAQ:INTC) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,551 shares of the chip maker’s stock after acquiring an additional 1,285 shares during the quarter. Sound Income Strategies LLC’s holdings in Intel were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. 1832 Asset Management L.P. raised its position in Intel by 23.7% in the second quarter. 1832 Asset Management L.P. now owns 3,977 shares of the chip maker’s stock worth $123,000 after acquiring an additional 762 shares in the last quarter. AXA S.A. lifted its stake in Intel by 23.4% in the 2nd quarter. AXA S.A. now owns 1,107,223 shares of the chip maker’s stock worth $34,291,000 after acquiring an additional 209,710 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Intel by 44.6% in the second quarter. AQR Capital Management LLC now owns 3,774,633 shares of the chip maker’s stock worth $116,844,000 after acquiring an additional 1,164,725 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Intel by 1.2% in the 2nd quarter. APG Asset Management N.V. now owns 2,774,904 shares of the chip maker’s stock valued at $80,185,000 after buying an additional 32,319 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Intel by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,298,169 shares of the chip maker’s stock worth $102,144,000 after acquiring an additional 75,685 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Intel stock opened at $20.83 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The business’s 50-day simple moving average is $21.30 and its two-hundred day simple moving average is $23.11.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for 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 revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. The Goldman Sachs Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.81.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

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.