Intel Co. (NASDAQ:INTC) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 25.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,664 shares of the chip maker’s stock after selling 9,248 shares during the period. Park Avenue Securities LLC’s holdings in Intel were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Dunhill Financial LLC lifted its stake in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares during the period. MKT Advisors LLC raised its holdings in Intel by 4.8% during the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after purchasing an additional 490 shares in the last quarter. Beaton Management Co. Inc. lifted its position in Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the period. Everpar Advisors LLC increased its position in shares of Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock valued at $242,000 after purchasing an additional 504 shares during the period. Finally, First Financial Bankshares Inc lifted its holdings in shares of Intel by 2.7% in the third quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock valued at $490,000 after buying an additional 557 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Price Performance

INTC stock opened at $21.57 on Friday. The company’s 50-day moving average price is $21.37 and its two-hundred day moving average price is $23.12. The firm has a market cap of $93.03 billion, a P/E ratio of -5.80, a P/E/G ratio of 9.59 and a beta of 1.07. 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 12 month low of $18.51 and a 12 month high of $50.30.

Intel (NASDAQ:INTC) last issued 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). 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 analyst estimates of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on INTC shares. Robert W. Baird boosted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Finally, Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.81.

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.