MeadowBrook Investment Advisors LLC Has $160,000 Position in Intel Co. (NASDAQ:INTC)

MeadowBrook Investment Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 12.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,800 shares of the chip maker’s stock after selling 930 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Intel were worth $160,000 as of its most recent SEC filing.

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

Intel Trading Up 1.4 %

NASDAQ INTC traded up $0.35 during trading hours on Thursday, hitting $25.27. The company’s stock had a trading volume of 12,088,112 shares, compared to its average volume of 59,917,023. The stock has a fifty day moving average of $22.47 and a 200 day moving average of $26.42. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market capitalization of $108.99 billion, a P/E ratio of -6.70 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced 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 business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial lifted their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Mizuho lifted their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.12.

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.