Mesirow Financial Investment Management Inc. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Mesirow Financial Investment Management Inc. lowered its stake in Intel Co. (NASDAQ:INTC) by 66.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 46,904 shares of the chip maker’s stock after selling 94,020 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Intel were worth $1,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. First Personal Financial Services grew its stake in shares of Intel by 52.4% in the third quarter. First Personal Financial Services now owns 119,766 shares of the chip maker’s stock worth $2,810,000 after acquiring an additional 41,161 shares during the last quarter. SilverOak Wealth Management LLC boosted its stake in Intel by 19.1% in the 3rd quarter. SilverOak Wealth Management LLC now owns 18,772 shares of the chip maker’s stock worth $440,000 after purchasing an additional 3,006 shares in the last quarter. Lindbrook Capital LLC grew its position in Intel by 26.2% during the 3rd quarter. Lindbrook Capital LLC now owns 19,387 shares of the chip maker’s stock valued at $455,000 after purchasing an additional 4,027 shares during the last quarter. PFS Partners LLC increased its stake in Intel by 25.5% during the 3rd quarter. PFS Partners LLC now owns 3,706 shares of the chip maker’s stock valued at $87,000 after purchasing an additional 752 shares in the last quarter. Finally, Wealth Quarterback LLC lifted its stake in shares of Intel by 246.5% in the third quarter. Wealth Quarterback LLC now owns 24,950 shares of the chip maker’s stock worth $585,000 after buying an additional 17,749 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $26.20 on Monday. The company has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $26.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $113.00 billion, a P/E ratio of -7.04 and a beta of 1.03. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last issued its 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 firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. Equities analysts forecast that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Finally, Mizuho upped their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.12.

Insider Buying and Selling at Intel

In other 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

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.