Centaurus Financial Inc. Purchases 4,338 Shares of Intel Co. (NASDAQ:INTC)

Centaurus Financial Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 12.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,822 shares of the chip maker’s stock after buying an additional 4,338 shares during the period. Centaurus Financial Inc.’s holdings in Intel were worth $934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Managed Asset Portfolios LLC grew its holdings in shares of Intel by 238.7% during the third quarter. Managed Asset Portfolios LLC now owns 438,942 shares of the chip maker’s stock worth $10,298,000 after purchasing an additional 309,346 shares in the last quarter. Sompo Asset Management Co. Ltd. lifted its position in Intel by 8.5% during the third quarter. Sompo Asset Management Co. Ltd. now owns 180,015 shares of the chip maker’s stock valued at $4,223,000 after purchasing an additional 14,040 shares during the last quarter. Swedbank AB lifted its position in Intel by 0.3% during the third quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock valued at $39,105,000 after purchasing an additional 4,300 shares during the last quarter. KKM Financial LLC grew its stake in Intel by 4.8% in the 3rd quarter. KKM Financial LLC now owns 48,085 shares of the chip maker’s stock worth $1,128,000 after buying an additional 2,221 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Intel by 2.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker’s stock worth $1,774,000 after buying an additional 1,858 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Daiwa America raised Intel to a “hold” rating in a report on Monday, August 26th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Finally, Barclays decreased their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Six investment 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 stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $30.12.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on 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. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of INTC stock opened at $24.87 on Tuesday. The business’s fifty day moving average is $23.27 and its 200 day moving average is $26.05. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a market cap of $107.26 billion, a price-to-earnings ratio of -6.69 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts expect that Intel Co. will post -0.83 EPS for the current fiscal year.

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.