Truvestments Capital LLC Sells 2,098 Shares of Intel Co. (NASDAQ:INTC)

Truvestments Capital LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,670 shares of the chip maker’s stock after selling 2,098 shares during the quarter. Truvestments Capital LLC’s holdings in Intel were worth $321,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new stake in Intel during the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC bought a new position in Intel during the 2nd quarter worth $27,000. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% during the third 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. Spartan Fund Management Inc. bought a new stake in shares of Intel in the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel in the second quarter valued at about $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $24.87 on Tuesday. The company has a market capitalization of $107.26 billion, a price-to-earnings ratio of -6.69 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock has a fifty day simple moving average of $23.27 and a 200 day simple moving average of $26.05.

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. Sell-side analysts expect that Intel Co. will post -0.83 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Susquehanna cut their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays cut their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Northland Securities decreased their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.12.

Intel 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.