Quest Partners LLC Acquires 1,253 Shares of Intel Co. (NASDAQ:INTC)

Quest Partners LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 7,370.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,270 shares of the chip maker’s stock after buying an additional 1,253 shares during the period. Quest Partners LLC’s holdings in Intel were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of INTC. America First Investment Advisors LLC bought a new position in shares of Intel during the 2nd quarter valued at about $25,000. Cyrus J. Lawrence LLC purchased a new position in Intel during the 2nd quarter valued at approximately $27,000. Spartan Fund Management Inc. bought a new stake in Intel in the 2nd quarter worth approximately $31,000. Financial Connections Group Inc. bought a new position in shares of Intel during the 2nd quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Intel in the second quarter valued at $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $24.05 on Monday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a market capitalization of $103.73 billion, a PE ratio of -6.47 and a beta of 1.03. 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 company has a 50-day simple moving average of $23.48 and a two-hundred day simple moving average of $25.85.

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). The firm had revenue of $13.30 billion for 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 company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. Research analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Northland Securities reduced their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Robert W. Baird raised their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.12.

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.