Harbor Capital Advisors Inc. raised its holdings in Intel Co. (NASDAQ:INTC – Free Report) by 6.3% within the third quarter, HoldingsChannel.com reviews. The agency owned 55,271 shares of the chip maker’s inventory after buying a further 3,272 shares throughout the quarter. Harbor Capital Advisors Inc.’s holdings in Intel had been value $1,297,000 as of its most up-to-date submitting with the Securities & Change Fee.
Different institutional traders and hedge funds have additionally just lately made adjustments to their positions within the firm. William B. Walkup & Associates Inc. purchased a brand new place in Intel throughout the 2nd quarter value $2,178,000. Fortis Group Advisors LLC grew its holdings in shares of Intel by 1,052.9% throughout the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s inventory value $4,058,000 after buying a further 157,991 shares within the final quarter. Personal Advisory Group LLC purchased a brand new place in shares of Intel within the third quarter value $8,045,000. Sanibel Captiva Belief Firm Inc. raised its stake in Intel by 21.1% within the third quarter. Sanibel Captiva Belief Firm Inc. now owns 279,591 shares of the chip maker’s inventory valued at $6,559,000 after buying a further 48,765 shares within the final quarter. Lastly, Forsta AP Fonden lifted its place in Intel by 4.6% throughout the third quarter. Forsta AP Fonden now owns 949,146 shares of the chip maker’s inventory value $22,267,000 after buying a further 41,900 shares throughout the interval. Institutional traders and hedge funds personal 64.53% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
A number of equities analysts have commented on the inventory. The Goldman Sachs Group decreased their goal value on shares of Intel from $22.00 to $21.00 and set a “promote” score on the inventory in a report on Thursday, October seventeenth. Stifel Nicolaus restated a “maintain” score and set a $25.00 value goal (down from $28.00) on shares of Intel in a analysis report on Friday, October twenty fifth. Truist Monetary raised their goal value on Intel from $25.00 to $26.00 and gave the corporate a “maintain” score in a report on Friday, November 1st. Roth Mkm lowered their value goal on Intel from $35.00 to $25.00 and set a “impartial” score for the corporate in a report on Friday, August 2nd. Lastly, Financial institution of America lowered Intel from a “impartial” score to an “underperform” score and diminished their value goal for the corporate from $35.00 to $23.00 in a analysis observe on Friday, August 2nd. Six analysis analysts have rated the inventory with a promote score, twenty-five have given a maintain score and one has assigned a purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, the corporate has a mean score of “Maintain” and a mean goal value of $30.12.
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Intel Inventory Up 3.6 %
Shares of NASDAQ:INTC opened at $23.32 on Wednesday. The enterprise’s 50-day shifting common is $21.90 and its 200-day shifting common is $26.73. Intel Co. has a 1 yr low of $18.51 and a 1 yr excessive of $51.28. The corporate has a market capitalization of $99.72 billion, a price-to-earnings ratio of -6.27 and a beta of 1.03. The corporate has a debt-to-equity ratio of 0.44, a present ratio of 1.31 and a fast ratio of 0.97.
Intel (NASDAQ:INTC – Get Free Report) final introduced its quarterly earnings knowledge on Thursday, October thirty first. The chip maker reported ($0.46) EPS for the quarter, lacking the consensus estimate of ($0.02) by ($0.44). Intel had a damaging return on fairness of 1.71% and a damaging internet margin of 29.42%. The corporate had income of $13.30 billion for the quarter, in comparison with analyst estimates of $13.02 billion. Throughout the identical interval final yr, the enterprise earned $0.28 EPS. The enterprise’s quarterly income was down 6.3% in comparison with the identical quarter final yr. Equities analysis analysts predict that Intel Co. will put up -0.47 earnings per share for the present yr.
About Intel
Intel Company designs, develops, manufactures, markets, and sells computing and associated services worldwide. It operates via Consumer Computing Group, Knowledge Middle and AI, Community and Edge, Mobileye, and Intel Foundry Providers segments. The corporate’s merchandise portfolio includes central processing items and chipsets, system-on-chips (SoCs), and multichip packages; cell and desktop processors; {hardware} merchandise comprising graphics processing items (GPUs), domain-specific accelerators, and discipline programmable gate arrays (FPGAs); and reminiscence and storage, connectivity and networking, and different semiconductor merchandise.
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