Versant Capital Management Inc Has $112,000 Stake in Intel Co. (NASDAQ:INTC)

Versant Capital Management Inc boosted its holdings in Intel Co. (NASDAQ:INTC) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,583 shares of the chip maker’s stock after purchasing an additional 603 shares during the quarter. Versant Capital Management Inc’s holdings in Intel were worth $112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. America First Investment Advisors LLC acquired a new position in shares of Intel during the second quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Groupama Asset Managment raised its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Intel in the third quarter valued at approximately $34,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. The Goldman Sachs Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Finally, Mizuho lifted their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $30.04.

Insider Transactions at Intel

In other Intel 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 value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $20.56 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $22.32 and a 200-day moving average price of $24.13. The company has a market cap of $88.68 billion, a PE ratio of -5.53 and a beta of 1.07. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the firm earned $0.28 EPS. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast 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.