Intel Co. (NASDAQ:INTC) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. cut its stake in Intel Co. (NASDAQ:INTC) by 24.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,459 shares of the chip maker’s stock after selling 18,687 shares during the quarter. Hilltop Holdings Inc.’s holdings in Intel were worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harbor Capital Advisors Inc. increased its position in shares of Intel by 3.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 51,999 shares of the chip maker’s stock worth $1,610,000 after purchasing an additional 1,738 shares during the last quarter. Aprio Wealth Management LLC increased its position in shares of Intel by 5.6% during the 2nd quarter. Aprio Wealth Management LLC now owns 9,990 shares of the chip maker’s stock worth $309,000 after purchasing an additional 532 shares during the last quarter. CX Institutional increased its position in shares of Intel by 28.9% during the 2nd quarter. CX Institutional now owns 22,691 shares of the chip maker’s stock worth $703,000 after purchasing an additional 5,091 shares during the last quarter. First Financial Corp IN increased its position in shares of Intel by 8.0% during the 2nd quarter. First Financial Corp IN now owns 13,566 shares of the chip maker’s stock worth $420,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Cambridge Advisors Inc. increased its position in shares of Intel by 2.4% during the 2nd quarter. Cambridge Advisors Inc. now owns 17,025 shares of the chip maker’s stock worth $527,000 after purchasing an additional 393 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on INTC shares. Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.04.

Intel Trading Down 6.1 %

INTC opened at $22.47 on Wednesday. The firm has a market cap of $96.91 billion, a price-to-earnings ratio of -6.04 and a beta of 1.05. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The business’s 50 day moving average is $23.50 and its two-hundred day moving average is $25.73. 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 released its quarterly 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. On average, research analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.