Rehmann Capital Advisory Group Trims Stock Position in Intel Co. (NASDAQ:INTC)

Rehmann Capital Advisory Group trimmed its holdings in Intel Co. (NASDAQ:INTC) by 29.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,746 shares of the chip maker’s stock after selling 6,717 shares during the period. Rehmann Capital Advisory Group’s holdings in Intel were worth $369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Key Financial Inc grew its holdings in shares of Intel by 4.1% during the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock worth $269,000 after purchasing an additional 340 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake 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 worth $767,000 after buying an additional 348 shares during the period. Cidel Asset Management Inc. increased its position in shares of 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 during the last quarter. Everpar Advisors LLC increased its position in shares of 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 during the last quarter. Finally, Dunhill Financial LLC lifted its holdings in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 3.3 %

NASDAQ:INTC opened at $20.78 on Friday. The firm’s 50 day moving average is $23.19 and its two-hundred day moving average is $25.33. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week 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.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations 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 was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. On average, equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. 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. Mizuho lifted their price objective on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.04.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

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.