Intel Co. (NASDAQ:INTC) Stake Cut by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. lessened its holdings in Intel Co. (NASDAQ:INTC) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,215 shares of the chip maker’s stock after selling 2,587 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Intel were worth $685,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTC. HBK Sorce Advisory LLC boosted its stake in Intel by 1.1% in the first quarter. HBK Sorce Advisory LLC now owns 43,164 shares of the chip maker’s stock valued at $1,907,000 after acquiring an additional 470 shares during the period. Orion Portfolio Solutions LLC boosted its position in Intel by 1.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 100,220 shares of the chip maker’s stock valued at $4,427,000 after purchasing an additional 1,900 shares during the period. Trillium Asset Management LLC grew its stake in Intel by 28.5% during the 1st quarter. Trillium Asset Management LLC now owns 589,654 shares of the chip maker’s stock worth $26,045,000 after buying an additional 130,796 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Intel by 1.4% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 41,162 shares of the chip maker’s stock worth $1,818,000 after buying an additional 588 shares during the period. Finally, Great Lakes Retirement Inc. lifted its stake in Intel by 3.4% in the first quarter. Great Lakes Retirement Inc. now owns 25,864 shares of the chip maker’s stock valued at $1,142,000 after buying an additional 841 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird raised their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.12.

Insider Buying and Selling

In other Intel 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 transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Intel Trading Up 3.1 %

Shares of NASDAQ INTC opened at $24.92 on Thursday. 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 Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a market cap of $107.48 billion, a price-to-earnings ratio of -6.70 and a beta of 1.03. The business has a fifty day simple moving average of $22.47 and a 200-day simple moving average of $26.42.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) 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 quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. Sell-side analysts predict that Intel Co. will post -0.83 EPS for the current year.

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.