Tyler Stone Wealth Management Increases Stake in Intel Co.

Tyler Stone Wealth Management significantly increased its investment in Intel Co. (NASDAQ:INTC) by 105.4% during the third quarter. According to their latest filing with the Securities and Exchange Commission (SEC), the fund now owns 41,276 shares after acquiring an additional 21,177 shares during the quarter. The total value of their holdings in Intel is approximately $968,000 based on the recent filing.

Changes in Hedge Fund Holdings

Other hedge funds have also adjusted their positions in Intel recently. For instance, America First Investment Advisors LLC initiated a new stake worth about $25,000 in the second quarter. Cyrus J. Lawrence LLC acquired shares for approximately $27,000, while Spartan Fund Management Inc. and Financial Connections Group Inc. bought new shares valued at around $31,000 and $32,000, respectively. Triad Wealth Partners LLC also purchased a new stake worth $33,000 in the same period. As a result, hedge funds and institutional investors collectively hold about 64.53% of Intel's stock.

Insider Transactions

In a recent insider transaction, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel on November 7th at an average price of $26.00, totaling $650,000. After this sale, she retained ownership of 273,258 shares, valued at over $7 million. This sale did not change the overall position percentage owned by corporate insiders, which currently stands at 0.04%.

Intel's Recent Market Performance

On Friday, Intel's stock (NASDAQ:INTC) saw a slight decline of $0.03, closing at $26.20. This comes as 76,427,983 shares were traded, exceeding the average trading volume of 65,260,216. Intel's financial metrics include a current ratio of 1.31, a quick ratio of 0.97, and a debt-to-equity ratio of 0.44. Currently, Intel has a market capitalization of $113 billion and a price-to-earnings ratio of -7.04. The stock has exhibited a 52-week range with a low of $18.51 and a high of $51.28. Its 50-day and 200-day moving averages are $22.22 and $26.66, respectively.

Earnings Report Highlights

On October 31st, Intel disclosed its quarterly earnings results, reporting an earnings per share (EPS) of ($0.46). This figure fell short of analysts' expectations, which had projected an EPS of ($0.02), indicating a missed estimate by $0.44. The company's revenue for the quarter reached $13.30 billion, slightly surpassing expectations of $13.02 billion. Notably, Intel has experienced a decline of 6.3% in revenue compared to the same quarter last year, having reported earnings of $0.28 per share during that period. Analysts forecast that Intel will post an EPS of -0.83 for the current fiscal year.

Analyst Ratings and Future Outlook

Numerous research analysts have shared their insights on Intel's stock. Barclays recently reduced its price target from $40.00 to $25.00 while maintaining an 'equal weight' rating for the company. Similarly, Susquehanna adjusted their target from $35.00 to $26.00, issuing a 'neutral' rating. HSBC Global Research downgraded Intel from a 'hold' to a 'moderate sell' rating, and Argus also reduced its rating from 'buy' to 'hold'. Overall, the current consensus rating for Intel is 'Hold', with a targeted average price of $30.12 among analysts.

About Intel Corporation

Intel Corporation specializes in designing and manufacturing computing products and related services on a global scale. The company operates various segments, which include Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Intel's product range includes central processing units (CPUs), chipsets, system-on-chips (SoCs), graphics processing units (GPUs), memory and storage solutions, and other semiconductor products.

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