Davis R M Inc. Has $421,000 Holdings in Intel Co. (NASDAQ:INTC)

Davis R M Inc. decreased its stake in Intel Co. (NASDAQ:INTC) by 27.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,945 shares of the chip maker’s stock after selling 6,829 shares during the quarter. Davis R M Inc.’s holdings in Intel were worth $421,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Bank of Hawaii boosted its stake in shares of Intel by 2.2% in the 3rd quarter. Bank of Hawaii now owns 46,029 shares of the chip maker’s stock valued at $1,080,000 after purchasing an additional 979 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in Intel by 5.1% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 19,658 shares of the chip maker’s stock valued at $461,000 after purchasing an additional 961 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in Intel by 12.2% during the 3rd quarter. Centaurus Financial Inc. now owns 39,822 shares of the chip maker’s stock valued at $934,000 after purchasing an additional 4,338 shares during the last quarter. Managed Asset Portfolios LLC boosted its position in Intel by 238.7% in the third quarter. Managed Asset Portfolios LLC now owns 438,942 shares of the chip maker’s stock valued at $10,298,000 after buying an additional 309,346 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. grew its stake in Intel by 8.5% during the third quarter. Sompo Asset Management Co. Ltd. now owns 180,015 shares of the chip maker’s stock worth $4,223,000 after buying an additional 14,040 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Intel Trading Up 1.5 %

Shares of INTC stock opened at $24.87 on Tuesday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a market capitalization of $107.26 billion, a PE ratio of -6.69 and a beta of 1.03. The firm has a 50 day moving average price of $23.27 and a two-hundred day moving average price of $26.05. 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 (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts predict that Intel Co. will post -0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INTC. UBS Group reduced their target price on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. HSBC cut Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report 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 on the stock in a report on Friday, August 2nd. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target 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.