Intel Co. (NASDAQ:INTC) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,450 shares of the chip maker’s stock after selling 1,106 shares during the quarter. Mendota Financial Group LLC’s holdings in Intel were worth $49,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in INTC. William B. Walkup & Associates Inc. purchased a new position in shares of Intel in the 2nd quarter valued at approximately $2,178,000. Geode Capital Management LLC lifted its holdings in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the period. Principal Financial Group Inc. grew its holdings in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares during the period. Swiss National Bank boosted its position in shares of Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares in the last quarter. Finally, InvesTrust acquired a new position in shares of Intel during the 4th quarter worth $3,696,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was 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 approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Intel Trading Up 0.3 %

NASDAQ:INTC opened at $19.20 on Tuesday. The business’s 50-day moving average is $21.97 and its two-hundred day moving average is $23.58. The firm has a market capitalization of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company 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 business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. Research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on INTC shares. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. The Goldman Sachs Group reduced their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Northland Securities decreased their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.96.

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.