Managed Asset Portfolios LLC Has $10.30 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Managed Asset Portfolios LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 238.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 438,942 shares of the chip maker’s stock after acquiring an additional 309,346 shares during the quarter. Intel makes up approximately 1.5% of Managed Asset Portfolios LLC’s holdings, making the stock its 27th biggest holding. Managed Asset Portfolios LLC’s holdings in Intel were worth $10,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. William B. Walkup & Associates Inc. acquired a new position in shares of Intel during the second quarter valued at $2,178,000. Swiss National Bank raised its holdings in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares during the last quarter. Fortis Group Advisors LLC boosted its stake in shares of Intel by 1,052.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Mizuho Securities Co. Ltd. grew its position in shares of Intel by 2,910.4% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after buying an additional 27,940 shares during the period. Finally, Private Advisory Group LLC bought a new stake in shares of Intel during the third quarter worth approximately $8,045,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Northland Securities decreased 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. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.12.

Intel Stock Performance

INTC opened at $24.50 on Friday. 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 simple moving average is $23.19 and its 200 day simple moving average is $26.11. The firm has a market capitalization of $105.67 billion, a PE ratio of -6.59 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 company 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 company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. As a group, sell-side analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

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.