Court Place Advisors LLC Decreases Stake in Intel Co. (NASDAQ:INTC)

Court Place Advisors LLC cut its stake in Intel Co. (NASDAQ:INTC) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,509 shares of the chip maker’s stock after selling 19,556 shares during the quarter. Court Place Advisors LLC’s holdings in Intel were worth $1,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nilsine Partners LLC increased its holdings in Intel by 6.6% in the fourth quarter. Nilsine Partners LLC now owns 10,965 shares of the chip maker’s stock valued at $220,000 after buying an additional 681 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Intel by 2.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 31,928 shares of the chip maker’s stock valued at $640,000 after buying an additional 857 shares during the last quarter. Webster Bank N. A. raised its stake in Intel by 10.7% during the fourth quarter. Webster Bank N. A. now owns 12,064 shares of the chip maker’s stock worth $242,000 after acquiring an additional 1,164 shares during the period. Pacer Advisors Inc. lifted its holdings in Intel by 26.1% in the fourth quarter. Pacer Advisors Inc. now owns 760,936 shares of the chip maker’s stock worth $15,257,000 after acquiring an additional 157,480 shares during the last quarter. Finally, KBC Group NV boosted its position in Intel by 2.7% during the 4th quarter. KBC Group NV now owns 1,166,161 shares of the chip maker’s stock valued at $23,382,000 after purchasing an additional 30,397 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 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 approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on INTC. UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.88.

Intel Price Performance

INTC opened at $20.29 on Tuesday. The firm has a market cap of $87.51 billion, a price-to-earnings ratio of -5.45, a PEG ratio of 9.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $22.85. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC) last announced 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the previous year, the business earned $0.28 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Intel 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.