Pure Financial Advisors LLC Sells 10,852 Shares of Intel Co. (NASDAQ:INTC)

Pure Financial Advisors LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 33.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,469 shares of the chip maker’s stock after selling 10,852 shares during the quarter. Pure Financial Advisors LLC’s holdings in Intel were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INTC. Quest Partners LLC boosted its position in Intel by 7,370.6% in 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 period. West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $31,000. Groupama Asset Managment boosted its holdings in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the period. Sawyer & Company Inc bought a new position in Intel in the fourth quarter worth approximately $32,000. Finally, FSA Wealth Management LLC purchased a new position in Intel during the 3rd quarter worth $34,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Barclays lowered their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Finally, UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.81.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 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 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $21.77 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. 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 cap of $93.89 billion, a PE ratio of -5.85, a price-to-earnings-growth ratio of 9.46 and a beta of 1.07. The company’s 50 day moving average is $21.48 and its 200 day moving average is $23.20.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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 analysts’ expectations of $13.02 billion. During the same period last year, the business earned $0.28 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current year.

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.