Intel Co. (NASDAQ:INTC) Shares Sold by Profit Investment Management LLC

Profit Investment Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 33,919 shares of the chip maker’s stock after selling 940 shares during the period. Profit Investment Management LLC’s holdings in Intel were worth $680,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cyrus J. Lawrence LLC purchased a new position in Intel in the second quarter valued at about $27,000. Quest Partners LLC boosted its stake 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 valued at $30,000 after buying an additional 1,253 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Intel during the third quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new stake in shares of Intel in the third quarter worth $36,000. Finally, West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In related 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 of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Stock Down 0.2 %

Shares of INTC opened at $19.69 on Friday. Intel Co. has a one year low of $18.51 and a one year high of $50.30. The stock’s fifty day moving average is $21.78 and its 200-day moving average is $23.47. 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 released its 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). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. Analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INTC. Robert W. Baird raised their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Mizuho decreased their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Bank of America reissued an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Six 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 stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $29.96.

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.