Intel Co. (NASDAQ:INTC) Shares Sold by XML Financial LLC

XML Financial LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,816 shares of the chip maker’s stock after selling 8,487 shares during the period. XML Financial LLC’s holdings in Intel were worth $1,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC grew its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of Intel during the third quarter worth about $34,000. Capital Performance Advisors LLP purchased a new position in shares of Intel during the third quarter worth about $36,000. West Financial Advisors LLC acquired a new position in Intel in the 4th quarter valued at about $31,000. Finally, Sawyer & Company Inc purchased a new stake in Intel during the 4th quarter valued at approximately $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 1.3 %

INTC opened at $21.77 on Wednesday. The business’s fifty day simple moving average is $21.48 and its 200 day simple moving average is $23.20. Intel Co. has a 52 week low of $18.51 and a 52 week 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.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. As a group, equities analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus restated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $28.81.

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.