Great Valley Advisor Group Inc. Has $877,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Great Valley Advisor Group Inc. lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 16.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,381 shares of the chip maker’s stock after buying an additional 5,295 shares during the period. Great Valley Advisor Group Inc.’s holdings in Intel were worth $877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nwam LLC acquired a new position in Intel during the third quarter worth $726,000. Meridian Wealth Management LLC acquired a new position in shares of Intel during the 3rd quarter valued at about $361,000. Biltmore Family Office LLC raised its stake in shares of Intel by 6.2% in the 3rd quarter. Biltmore Family Office LLC now owns 11,502 shares of the chip maker’s stock valued at $270,000 after acquiring an additional 670 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock worth $743,457,000 after purchasing an additional 2,248,332 shares during the last quarter. Finally, L & S Advisors Inc boosted its position in Intel by 6.1% during the third quarter. L & S Advisors Inc now owns 12,741 shares of the chip maker’s stock worth $299,000 after purchasing an additional 737 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In related 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 completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Morgan Stanley cut their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.12.

Intel Stock Performance

Intel stock opened at $24.87 on Tuesday. The firm has a market capitalization of $107.26 billion, a P/E ratio of -6.69 and a beta of 1.03. The stock has a fifty day moving average price of $23.27 and a two-hundred day moving average price of $26.05. Intel Co. has a 52-week low of $18.51 and a 52-week 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.

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 analysts’ consensus estimates of ($0.02) by ($0.44). The firm 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 quarter last year, the business earned $0.28 EPS. As a group, analysts anticipate 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.