Hantz Financial Services Inc. Decreases Stake in Intel Co. (NASDAQ:INTC)

Hantz Financial Services Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 81.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,202 shares of the chip maker’s stock after selling 75,362 shares during the quarter. Hantz Financial Services Inc.’s holdings in Intel were worth $404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of INTC. America First Investment Advisors LLC purchased a new position in shares of Intel in the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter worth about $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the second quarter worth about $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel in the second quarter valued at about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Intel during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In other 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 value of $650,000.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $24.05 on Monday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. 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 firm has a market capitalization of $103.73 billion, a price-to-earnings ratio of -6.47 and a beta of 1.03. The business has a 50 day simple moving average of $23.48 and a 200 day simple moving average of $25.85.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, equities research analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of analyst reports. Truist Financial upped their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Finally, StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.