FRG Family Wealth Advisors LLC Lowers Holdings in Intel Co. (NASDAQ:INTC)

FRG Family Wealth Advisors LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 45.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,662 shares of the chip maker’s stock after selling 8,129 shares during the quarter. FRG Family Wealth Advisors LLC’s holdings in Intel were worth $227,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of INTC. Key Financial Inc raised its position in Intel by 4.1% during the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after acquiring an additional 340 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its position in Intel by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after acquiring an additional 348 shares in the last quarter. Cidel Asset Management Inc. raised its position in Intel by 0.6% during the second quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock valued at $2,000,000 after acquiring an additional 381 shares in the last quarter. Everpar Advisors LLC raised its position in Intel by 4.6% during the second quarter. Everpar Advisors LLC now owns 9,822 shares of the chip maker’s stock valued at $304,000 after acquiring an additional 435 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $20.81 on Tuesday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a market cap of $89.75 billion, a price-to-earnings ratio of -5.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50 day moving average price is $23.29 and its 200 day moving average price is $25.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, research analysts predict that Intel Co. will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on INTC shares. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $30.04.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 sale, the executive vice president now owns 273,258 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Company 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.