Advisors Management Group Inc. ADV Sells 4,599 Shares of Intel Co. (NASDAQ:INTC)

Advisors Management Group Inc. ADV decreased its position in Intel Co. (NASDAQ:INTC) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 243,102 shares of the chip maker’s stock after selling 4,599 shares during the period. Intel comprises 1.2% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 28th biggest position. Advisors Management Group Inc. ADV’s holdings in Intel were worth $4,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the second quarter valued at about $27,000. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. FSA Wealth Management LLC acquired a new stake in Intel during the 3rd quarter worth about $34,000. Capital Performance Advisors LLP bought a new position in Intel during the third quarter worth $36,000. Finally, Beaird Harris Wealth Management LLC grew its position in Intel by 52.5% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,792 shares of the chip maker’s stock valued at $55,000 after purchasing an additional 617 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 2.7 %

Intel stock opened at $19.72 on Thursday. The firm’s fifty day moving average is $21.89 and its 200 day moving average is $23.49. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $85.05 billion, a PE ratio of -5.30 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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). The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, sell-side analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Truist Financial upped their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Mizuho decreased their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Six investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.96.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.