Dynamic Advisor Solutions LLC Trims Position in Intel Co. (NASDAQ:INTC)

Dynamic Advisor Solutions LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 34.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,881 shares of the chip maker’s stock after selling 27,137 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Intel were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter valued at about $25,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in Intel in the fourth quarter worth approximately $31,000. Groupama Asset Managment lifted its holdings in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the period. Finally, Sawyer & Company Inc bought a new stake in Intel during the 4th quarter valued at $32,000. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Barclays lowered their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Truist Financial raised their target price 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. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.88.

Intel Trading Down 3.4 %

Shares of NASDAQ:INTC opened at $20.83 on Monday. 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 12-month low of $18.51 and a 12-month high of $50.30. The business has a 50 day moving average of $21.23 and a two-hundred day moving average of $22.93. The company has a market capitalization of $89.84 billion, a PE ratio of -5.60, a PEG ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC) last announced 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 firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period last year, the company posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

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.