Intel Co. (NASDAQ:INTC) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,869 shares of the chip maker’s stock after selling 5,683 shares during the period. Orion Portfolio Solutions LLC’s holdings in Intel were worth $2,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC purchased a new stake in shares of Intel during the second quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel during the second quarter worth approximately $27,000. Quest Partners LLC grew its stake in Intel by 7,370.6% in the 3rd 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 during the period. Spartan Fund Management Inc. acquired a new position in Intel in the 2nd quarter valued at $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $20.12 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market cap of $86.78 billion, a price-to-earnings ratio of -5.41 and a beta of 1.05. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The stock has a 50 day moving average of $23.24 and a 200-day moving average of $25.37.

Intel (NASDAQ:INTC) last released its 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 net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was 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 directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on INTC. Truist Financial upped their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group cut their price objective 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. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. Finally, TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Six 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.04.

About Intel

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.