Floyd Financial Group LLC Invests $1.47 Million in Intel Co. (NASDAQ:INTC)

Floyd Financial Group LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 76,761 shares of the chip maker’s stock, valued at approximately $1,470,000. Intel makes up about 1.2% of Floyd Financial Group LLC’s investment portfolio, making the stock its 25th biggest position.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTC. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. The Goldman Sachs Group dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Finally, Benchmark reaffirmed 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $29.96.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by insiders.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.20 on Wednesday. The company has a fifty day moving average price of $21.89 and a 200 day moving average price of $23.49. The firm has a market cap of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. 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 1-year low of $18.51 and a 1-year high of $50.30.

Intel (NASDAQ:INTC) last posted 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for 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 firm’s quarterly revenue was down 6.3% on a year-over-year basis. Research analysts predict that Intel Co. will post -0.87 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.