Boyar Asset Management Inc. Has $1.19 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Boyar Asset Management Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 2.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,891 shares of the chip maker’s stock after selling 1,544 shares during the quarter. Boyar Asset Management Inc.’s holdings in Intel were worth $1,194,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Key Financial Inc raised its position in shares of Intel by 4.1% during the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock worth $269,000 after acquiring an additional 340 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Intel by 1.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after purchasing an additional 348 shares during the period. Cidel Asset Management Inc. raised its holdings in Intel by 0.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock worth $2,000,000 after purchasing an additional 381 shares during the last quarter. Everpar Advisors LLC lifted its position in shares of Intel by 4.6% in the 2nd quarter. Everpar Advisors LLC now owns 9,822 shares of the chip maker’s stock worth $304,000 after purchasing an additional 435 shares during the period. Finally, Dunhill Financial LLC boosted its stake in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other 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 completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC opened at $20.12 on Thursday. The firm’s 50-day moving average price is $23.24 and its 200-day moving average price is $25.37. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a market cap of $86.78 billion, a PE ratio of -5.41 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on INTC shares. Truist Financial lifted their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. 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. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Six research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.04.

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.