Romano Brothers AND Company Sells 37,602 Shares of Intel Co. (NASDAQ:INTC)

Romano Brothers AND Company lessened its position in shares of Intel Co. (NASDAQ:INTC) by 58.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,935 shares of the chip maker’s stock after selling 37,602 shares during the quarter. Romano Brothers AND Company’s holdings in Intel were worth $540,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of INTC. Cyrus J. Lawrence LLC purchased a new position in Intel during the second quarter worth $27,000. Quest Partners LLC increased its stake in shares of 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 purchased a new position in Intel during the 4th quarter valued at about $31,000. Groupama Asset Managment raised its stake in Intel by 6.3% in 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 in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in shares of Intel during the fourth quarter valued at about $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ INTC opened at $21.49 on Monday. The company has a 50 day simple moving average of $21.55 and a 200-day simple moving average of $23.27. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The firm has a market capitalization of $92.69 billion, a price-to-earnings ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate 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 business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the company earned $0.28 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday. The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Finally, Northland Securities dropped their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.88.

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.