EagleClaw Capital Managment LLC Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

EagleClaw Capital Managment LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 22.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 77,435 shares of the chip maker’s stock after selling 23,048 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Intel were worth $1,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of Intel by 5.0% during the first quarter. Bessemer Group Inc. now owns 97,799 shares of the chip maker’s stock valued at $4,320,000 after buying an additional 4,692 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Intel in the 1st quarter worth $7,039,000. MQS Management LLC purchased a new stake in shares of Intel in the 1st quarter worth about $228,000. EntryPoint Capital LLC bought a new stake in shares of Intel during the 1st quarter valued at about $118,000. Finally, CreativeOne Wealth LLC raised its stake in Intel by 38.1% in the first quarter. CreativeOne Wealth LLC now owns 40,977 shares of the chip maker’s stock worth $1,810,000 after buying an additional 11,313 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.26 during midday trading on Wednesday, hitting $23.94. 4,087,909 shares of the company’s stock traded hands, compared to its average volume of 59,817,234. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $103.25 billion, a price-to-earnings ratio of -6.51 and a beta of 1.03. The firm has a fifty day moving average of $22.91 and a 200 day moving average of $26.21. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly 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). 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 during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, analysts forecast that Intel Co. will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Mizuho raised 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. Argus cut Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Six 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 company has a consensus rating of “Hold” and an average price target of $30.12.

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.