Quest Partners LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

Quest Partners LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 7,370.6% in the third quarter, HoldingsChannel reports. The firm owned 1,270 shares of the chip maker’s stock after acquiring an additional 1,253 shares during the quarter. Quest Partners LLC’s holdings in Intel were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter worth $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter worth $31,000. Financial Connections Group Inc. acquired a new position in Intel during the second quarter valued at $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the second quarter valued at $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $24.05 on Monday. The business’s 50 day moving average price is $23.48 and its 200-day moving average price is $25.85. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. 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 firm has a market capitalization of $103.73 billion, a PE ratio of -6.47 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced 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 business had revenue of $13.30 billion for the quarter, compared to analyst estimates 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 for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. As a group, equities research analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on INTC shares. Robert W. Baird lifted their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Mizuho lifted their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $30.12.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.04% of the stock is owned by corporate insiders.

Intel Company 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.