Intel Co. (NASDAQ:INTC) Shares Sold by Unionview LLC

Unionview LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,313 shares of the chip maker’s stock after selling 873 shares during the period. Unionview LLC’s holdings in Intel were worth $406,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. America First Investment Advisors LLC purchased a new position in Intel in the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the 2nd quarter worth $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the second quarter worth $31,000. Financial Connections Group Inc. purchased a new position in Intel in the second quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Intel during the 2nd quarter worth about $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 0.7 %

Intel stock opened at $25.09 on Thursday. The stock’s 50 day moving average price is $22.47 and its 200 day moving average price is $26.42. The company has a market cap of $108.21 billion, a PE ratio of -6.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly 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 return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTC. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Roth Mkm reduced their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Finally, TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Six equities 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. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price 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.