Tradewinds LLC. Sells 4,695 Shares of Intel Co. (NASDAQ:INTC)

Tradewinds LLC. lessened its position in Intel Co. (NASDAQ:INTC) by 28.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,926 shares of the chip maker’s stock after selling 4,695 shares during the period. Tradewinds LLC.’s holdings in Intel were worth $280,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. America First Investment Advisors LLC bought a new stake in Intel during the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter valued at about $27,000. Quest Partners LLC increased its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new position in Intel in the 2nd quarter valued at about $32,000. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on INTC shares. Susquehanna lowered their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group cut their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $24.01 on Thursday. The company has a 50 day moving average of $23.00 and a 200 day moving average of $26.20. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. On average, sell-side analysts expect that Intel Co. will post -0.83 EPS 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.