Pinnacle Financial Partners Inc Has $688,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Pinnacle Financial Partners Inc reduced its stake in Intel Co. (NASDAQ:INTC) by 56.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 29,310 shares of the chip maker’s stock after selling 37,433 shares during the period. Pinnacle Financial Partners Inc’s holdings in Intel were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new position in Intel in the 2nd quarter valued at about $2,178,000. Fortis Group Advisors LLC grew its position in shares of Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Private Advisory Group LLC bought a new position in shares of Intel during the third quarter worth approximately $8,045,000. Tyler Stone Wealth Management lifted its holdings in Intel by 105.4% during the 3rd quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock worth $968,000 after purchasing an additional 21,177 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in Intel by 1,110.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock valued at $1,162,000 after purchasing an additional 45,432 shares during the period. 64.53% of the stock is owned by institutional investors.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on INTC shares. Truist Financial increased 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. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Barclays dropped their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, TD Cowen raised Intel to a “hold” rating in a research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.12.

Intel Trading Up 0.4 %

Shares of NASDAQ INTC opened at $25.03 on Friday. The firm has a 50 day moving average price of $22.47 and a two-hundred day moving average price of $26.42. The stock has a market cap of $107.95 billion, a P/E ratio of -6.73 and a beta of 1.03. 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 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $13.02 billion. During the same period in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Intel Co. will post -0.83 EPS for the current 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.