Kelleher Financial Advisors Sells 1,761 Shares of Intel Co. (NASDAQ:INTC)

Kelleher Financial Advisors decreased its position in shares of Intel Co. (NASDAQ:INTC) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,029 shares of the chip maker’s stock after selling 1,761 shares during the quarter. Kelleher Financial Advisors’ holdings in Intel were worth $281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter worth $25,000. Quest Partners LLC grew its position in shares of 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 buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC bought a new position in shares of Intel during the 4th quarter worth $31,000. Groupama Asset Managment grew its position in shares of Intel by 6.3% during the 3rd 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 bought a new stake in Intel during the fourth quarter valued at about $32,000. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on 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 owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Price Performance

Shares of INTC opened at $21.86 on Thursday. 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 stock’s 50 day moving average is $21.44 and its two-hundred day moving average is $23.13. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30.

Intel (NASDAQ:INTC) last issued 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). The firm had revenue of $13.30 billion during 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%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. As a group, sell-side analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INTC shares. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday. Bank of America reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Citigroup decreased their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $28.81.

About Intel

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.