Dudley Capital Management LLC Cuts Stake in Intel Co. (NASDAQ:INTC)

Dudley Capital Management LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 12.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,783 shares of the chip maker’s stock after selling 1,250 shares during the period. Dudley Capital Management LLC’s holdings in Intel were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. William B. Walkup & Associates Inc. purchased a new stake in Intel in the 2nd quarter worth $2,178,000. Fortis Group Advisors LLC increased its holdings in shares of Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Private Advisory Group LLC purchased a new stake in shares of Intel in the third quarter worth about $8,045,000. Sanibel Captiva Trust Company Inc. boosted its stake in Intel by 21.1% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock valued at $6,559,000 after buying an additional 48,765 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in Intel by 1,110.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock valued at $1,162,000 after buying an additional 45,432 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 4.7 %

Shares of NASDAQ INTC opened at $26.23 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $22.01 and a two-hundred day simple moving average of $26.72. The firm has a market cap of $113.13 billion, a PE ratio of -7.05 and a beta of 1.03.

Intel (NASDAQ:INTC) last released 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 firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. Analysts expect that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on INTC shares. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Roth Mkm dropped their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Cantor Fitzgerald decreased their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Six equities research 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 company. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price 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.