Encompass Wealth Advisors LLC Buys 3,114 Shares of Intel Co. (NASDAQ:INTC)

Encompass Wealth Advisors LLC grew its stake in Intel Co. (NASDAQ:INTC) by 19.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,893 shares of the chip maker’s stock after purchasing an additional 3,114 shares during the quarter. Encompass Wealth Advisors LLC’s holdings in Intel were worth $443,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. America First Investment Advisors LLC bought a new stake in shares of Intel during the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the 2nd quarter valued at $27,000. Spartan Fund Management Inc. acquired a new position in Intel in the 2nd quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Intel in the second quarter valued at about $33,000. 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 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Intel Stock Down 3.6 %

NASDAQ:INTC opened at $24.16 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The firm’s 50 day simple moving average is $22.28 and its 200 day simple moving average is $26.48.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, equities analysts anticipate that Intel Co. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on INTC. Morgan Stanley lowered their price target on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Truist Financial boosted their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Wedbush cut their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.12.

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.