Intel Co. (NASDAQ:INTC) Shares Sold by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. cut its stake in shares of Intel Co. (NASDAQ:INTC) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,793 shares of the chip maker’s stock after selling 595 shares during the quarter. Intel comprises about 0.4% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Legend Financial Advisors Inc.’s holdings in Intel were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel during the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel during the second quarter worth $27,000. Quest Partners LLC grew its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Groupama Asset Managment increased its position in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Intel during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.04% of the company’s stock.

Intel Stock Up 0.7 %

NASDAQ INTC traded up $0.14 during mid-day trading on Tuesday, reaching $20.01. 61,538,959 shares of the company’s stock traded hands, compared to its average volume of 59,706,785. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The company has a fifty day simple moving average of $22.25 and a 200-day simple moving average of $23.97. The company has a market cap of $86.30 billion, a price-to-earnings ratio of -5.38 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued 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). 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 during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Truist Financial lifted their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Finally, Mizuho increased 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. Six investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.04.

About Intel

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.