Foundation Resource Management Inc. Has $10.97 Million Holdings in Intel Co. (NASDAQ:INTC)

Foundation Resource Management Inc. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,312 shares of the chip maker’s stock after selling 5,372 shares during the period. Intel accounts for 1.8% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Foundation Resource Management Inc.’s holdings in Intel were worth $10,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Thoroughbred Financial Services LLC grew its position in Intel by 16.0% during the second quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock worth $560,000 after buying an additional 2,492 shares in the last quarter. Angeles Investment Advisors LLC grew its holdings in shares of Intel by 78.3% during the 2nd quarter. Angeles Investment Advisors LLC now owns 10,515 shares of the chip maker’s stock worth $326,000 after purchasing an additional 4,618 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Intel by 70.3% during the second quarter. Citizens Financial Group Inc. RI now owns 69,114 shares of the chip maker’s stock valued at $2,140,000 after purchasing an additional 28,531 shares during the period. Wulff Hansen & CO. raised its stake in shares of Intel by 2,425.1% in the second quarter. Wulff Hansen & CO. now owns 945,576 shares of the chip maker’s stock valued at $30,532,000 after purchasing an additional 908,129 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its position in Intel by 10.8% in the second quarter. WealthPLAN Partners LLC now owns 87,662 shares of the chip maker’s stock worth $2,715,000 after purchasing an additional 8,534 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $29.96.

Intel Stock Performance

Shares of INTC opened at $19.20 on Wednesday. The firm has a market cap of $82.81 billion, a P/E ratio of -5.16 and a beta of 1.07. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. 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 firm’s 50 day moving average price is $21.89 and its two-hundred day moving average price is $23.49.

Intel (NASDAQ:INTC) last posted 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post -0.87 EPS 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.