Capital Counsel LLC NY Lowers Position in Intel Co. (NASDAQ:INTC)

Capital Counsel LLC NY lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,762 shares of the chip maker’s stock after selling 13,000 shares during the quarter. Intel accounts for 0.6% of Capital Counsel LLC NY’s investment portfolio, making the stock its 13th largest holding. Capital Counsel LLC NY’s holdings in Intel were worth $14,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. America First Investment Advisors LLC bought a new position in shares of Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the 2nd quarter valued at $27,000. Quest Partners LLC increased its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Intel during the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel in the 2nd quarter worth about $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC stock opened at $24.05 on Wednesday. Intel Co. has a 1-year low of $18.51 and a 1-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’s 50 day moving average is $23.32 and its 200 day moving average is $26.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the business posted $0.28 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling 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 completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research analyst reports. 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 report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. UBS Group lowered their target price on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Raymond James cut Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.