Atomi Financial Group Inc. Trims Stake in Intel Co. (NASDAQ:INTC)

Atomi Financial Group Inc. lessened its position in shares of Intel Co. (NASDAQ:INTC) by 25.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,027 shares of the chip maker’s stock after selling 5,122 shares during the quarter. Atomi Financial Group Inc.’s holdings in Intel were worth $301,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC increased its position in Intel by 212.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 109,479 shares of the chip maker’s stock worth $2,195,000 after purchasing an additional 74,422 shares during the period. Perpetual Ltd purchased a new stake in shares of Intel in the fourth quarter valued at approximately $427,000. Bridgewater Advisors Inc. grew its holdings in Intel by 61.3% during the fourth quarter. Bridgewater Advisors Inc. now owns 24,774 shares of the chip maker’s stock worth $476,000 after acquiring an additional 9,414 shares during the period. Diversify Wealth Management LLC purchased a new position in Intel in the fourth quarter worth $206,000. Finally, Ballast Inc. lifted its holdings in Intel by 26.5% in the fourth quarter. Ballast Inc. now owns 42,831 shares of the chip maker’s stock valued at $859,000 after acquiring an additional 8,980 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Trading Down 3.4 %

Shares of Intel stock opened at $20.83 on Monday. The firm has a market cap of $89.84 billion, a PE ratio of -5.60, a P/E/G ratio of 9.72 and a beta of 1.07. 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 Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The stock has a fifty day moving average price of $21.23 and a 200-day moving average price of $22.93.

Intel (NASDAQ:INTC) last posted 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Northland Securities dropped their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. UBS Group dropped their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $27.88.

About Intel

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.