Ameritas Advisory Services LLC Purchases 116,510 Shares of Intel Co. (NASDAQ:INTC)

Ameritas Advisory Services LLC boosted its position in shares of Intel Co. (NASDAQ:INTC) by 365.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,418 shares of the chip maker’s stock after purchasing an additional 116,510 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Intel were worth $2,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter worth about $27,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Intel during the 3rd quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Intel during the 3rd quarter worth about $36,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth about $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INTC shares. Mizuho decreased their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Northland Securities decreased their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group decreased their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Six equities research 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, the stock has a consensus rating of “Hold” and a consensus target price of $29.88.

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 transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Up 9.3 %

INTC opened at $21.49 on Monday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The stock’s fifty day simple moving average is $21.55 and its 200 day simple moving average is $23.27. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a market cap of $92.69 billion, a PE ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts expect that Intel Co. will post -0.87 earnings per share for the current 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.