Avior Wealth Management LLC Sells 1,068 Shares of Intel Co. (NASDAQ:INTC)

Avior Wealth Management LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,112 shares of the chip maker’s stock after selling 1,068 shares during the period. Avior Wealth Management LLC’s holdings in Intel were worth $425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of INTC. MQS Management LLC acquired a new stake in Intel in the 1st quarter valued at $228,000. EntryPoint Capital LLC acquired a new position in Intel during the first quarter valued at approximately $118,000. Guardian Capital Advisors LP grew its stake in Intel by 2.1% in the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock valued at $708,000 after purchasing an additional 328 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Intel during the 1st quarter worth approximately $437,000. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Intel by 20.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 70,469 shares of the chip maker’s stock valued at $3,113,000 after buying an additional 11,803 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on INTC. Cantor Fitzgerald decreased their price objective on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Morgan Stanley reduced their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.12.

Intel Trading Up 1.7 %

Shares of NASDAQ INTC opened at $24.43 on Friday. The stock has a market cap of $105.35 billion, a P/E ratio of -6.57 and a beta of 1.03. The firm has a 50 day moving average price of $23.10 and a two-hundred day moving average price of $26.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Intel Co. will post -0.83 EPS for the current year.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on 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 owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by insiders.

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.