Intel Co. (NASDAQ:INTC) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 21.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,810 shares of the chip maker’s stock after selling 9,199 shares during the period. KCM Investment Advisors LLC’s holdings in Intel were worth $793,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in shares of Intel in the second quarter worth $2,178,000. Fortis Group Advisors LLC grew its stake 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 worth $4,058,000 after acquiring an additional 157,991 shares in the last quarter. Mizuho Securities Co. Ltd. grew its stake in shares of Intel by 2,910.4% in the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after acquiring an additional 27,940 shares in the last quarter. Private Advisory Group LLC acquired a new position in shares of Intel in the third quarter worth $8,045,000. Finally, Tyler Stone Wealth Management grew its stake in shares of Intel by 105.4% in the third quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock worth $968,000 after acquiring an additional 21,177 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.35 on Friday. Intel Co. has a one year low of $18.51 and a one year 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. The company has a 50-day simple moving average of $22.69 and a 200-day simple moving average of $26.36. The stock has a market capitalization of $105.02 billion, a price-to-earnings ratio of -6.55 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Intel Co. will post -0.83 EPS for the current 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 dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on INTC. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Finally, Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.12.

Intel 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.