Michelle Johnston Holthaus Sells 25,000 Shares of Intel Co. (NASDAQ:INTC) Stock

Intel Co. (NASDAQ:INTC) EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intel Price Performance

Intel stock opened at $26.20 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $113.00 billion, a PE ratio of -7.04 and a beta of 1.03. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The stock has a 50-day moving average price of $22.22 and a two-hundred day moving average price of $26.66.

Intel (NASDAQ:INTC) last issued 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). The company had revenue of $13.30 billion during 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 company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Analysts expect that Intel Co. will post -0.83 EPS for the current year.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently made changes to their positions in the stock. John G Ullman & Associates Inc. grew its stake in Intel by 14.6% during the third quarter. John G Ullman & Associates Inc. now owns 429,770 shares of the chip maker’s stock worth $10,082,000 after purchasing an additional 54,889 shares during the period. Cypress Capital Group grew its stake in Intel by 21.6% during the third quarter. Cypress Capital Group now owns 118,118 shares of the chip maker’s stock worth $2,771,000 after purchasing an additional 20,945 shares during the period. Intech Investment Management LLC grew its stake in Intel by 26.6% during the third quarter. Intech Investment Management LLC now owns 185,049 shares of the chip maker’s stock worth $4,341,000 after purchasing an additional 38,916 shares during the period. Darwin Wealth Management LLC acquired a new stake in Intel during the third quarter worth approximately $48,000. Finally, Howe & Rusling Inc. grew its stake in Intel by 8.2% during the third quarter. Howe & Rusling Inc. now owns 31,613 shares of the chip maker’s stock worth $742,000 after purchasing an additional 2,396 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. The Goldman Sachs Group decreased their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 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 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.