CWA Asset Management Group LLC Invests $410,000 in Intel Co. (NASDAQ:INTC)

CWA Asset Management Group LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,461 shares of the chip maker’s stock, valued at approximately $410,000.

Other large investors have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the second quarter valued at $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel during the 2nd quarter worth $31,000. Financial Connections Group Inc. purchased a new position in shares of Intel in the 2nd quarter valued at about $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Intel in the second quarter valued at about $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 4.4 %

Shares of Intel stock opened at $25.05 on Tuesday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The company has a market capitalization of $108.04 billion, a PE ratio of -6.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50-day moving average of $22.22 and a 200-day moving average of $26.55.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 business 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%. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, equities analysts forecast that Intel Co. will post -0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price 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. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Roth Mkm dropped their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Morgan Stanley decreased their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel presently has an average rating of “Hold” and an average price target of $30.12.

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.