Intel Co. (NASDAQ:INTC) Shares Bought by Hara Capital LLC

Hara Capital LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 21.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,367 shares of the chip maker’s stock after acquiring an additional 1,465 shares during the period. Hara Capital LLC’s holdings in Intel were worth $196,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Norden Group LLC increased its holdings in shares of Intel by 27.8% during the 1st quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock worth $637,000 after buying an additional 3,133 shares during the last quarter. Advisory Alpha LLC increased its holdings in shares of Intel by 8.4% during the 1st quarter. Advisory Alpha LLC now owns 6,891 shares of the chip maker’s stock worth $304,000 after buying an additional 533 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of Intel during the 1st quarter worth $247,000. Duality Advisers LP acquired a new stake in shares of Intel during the 1st quarter worth $3,537,000. Finally, Empirical Finance LLC boosted its position in Intel by 3.6% during the 1st quarter. Empirical Finance LLC now owns 150,337 shares of the chip maker’s stock worth $6,640,000 after purchasing an additional 5,259 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on INTC. Wedbush decreased their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Cantor Fitzgerald decreased their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. UBS Group decreased their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Six research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

INTC traded up $0.94 on Thursday, hitting $25.99. 22,968,135 shares of the company’s stock were exchanged, compared to its average volume of 59,600,457. The firm has a market cap of $112.09 billion, a PE ratio of -6.73 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock has a fifty day moving average of $22.01 and a two-hundred day moving average of $26.72. 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 (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). 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 quarter in the previous year, the business posted $0.28 EPS. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Company 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.