Intel Co. (NASDAQ:INTC) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in Intel Co. (NASDAQ:INTC) by 4.4% during the third quarter, Holdings Channel reports. The fund owned 4,827,123 shares of the chip maker’s stock after buying an additional 204,200 shares during the quarter. Principal Financial Group Inc.’s holdings in Intel were worth $113,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new stake in Intel during the 2nd quarter worth about $2,178,000. Fortis Group Advisors LLC boosted its stake in shares of Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares during the last quarter. Private Advisory Group LLC acquired a new stake in Intel during the third quarter worth about $8,045,000. Catalyst Capital Advisors LLC raised its position in Intel by 1,110.8% during the third quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock valued at $1,162,000 after acquiring an additional 45,432 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its holdings in Intel by 21.1% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock valued at $6,559,000 after acquiring an additional 48,765 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by insiders.

Intel Trading Down 0.1 %

INTC opened at $26.20 on Friday. The stock has a market capitalization of $113.00 billion, a PE ratio of -7.04 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50 day moving average price is $22.22 and its 200 day moving average price is $26.66.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on INTC. Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. UBS Group cut their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Barclays dropped their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.12.

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.