Pallas Capital Advisors LLC Has $537,000 Position in Intel Co. (NASDAQ:INTC)

Pallas Capital Advisors LLC increased its position in Intel Co. (NASDAQ:INTC) by 14.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,022 shares of the chip maker’s stock after buying an additional 2,962 shares during the period. Pallas Capital Advisors LLC’s holdings in Intel were worth $537,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new position in Intel in the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new position in Intel during the second quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in Intel during the second quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on INTC shares. Susquehanna lowered their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Argus downgraded Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $30.80.

Intel Stock Down 2.6 %

Shares of NASDAQ INTC opened at $22.30 on Thursday. The stock has a market cap of $94.93 billion, a PE ratio of 23.23 and a beta of 1.03. The business has a fifty day moving average of $21.71 and a two-hundred day moving average of $27.15. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. As a group, equities research analysts expect that Intel Co. will post -0.47 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.