CWA Asset Management Group LLC Has $287,000 Stock Position in Intel Co. (NASDAQ:INTC)

CWA Asset Management Group LLC cut its holdings in Intel Co. (NASDAQ:INTC) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,313 shares of the chip maker’s stock after selling 3,148 shares during the quarter. CWA Asset Management Group LLC’s holdings in Intel were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC raised its stake in Intel by 22.6% during 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 lifted its stake in shares of Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after buying an additional 490 shares in the last quarter. Beaton Management Co. Inc. lifted its stake in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares in the last quarter. Everpar Advisors LLC increased its stake in Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after buying an additional 504 shares in the last quarter. Finally, Lavaca Capital LLC raised its holdings in Intel by 4.7% during the second quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock valued at $365,000 after acquiring an additional 530 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value 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. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $19.88 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The stock’s fifty day moving average price is $22.12 and its 200-day moving average price is $23.83. The firm has a market cap of $85.74 billion, a P/E ratio of -5.34 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly 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 net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. The Goldman Sachs Group cut their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Finally, Mizuho boosted their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Six equities research 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. According to MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $30.04.

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.