Intel Co. (NASDAQ:INTC) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 32.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,877 shares of the chip maker’s stock after selling 6,081 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Intel were worth $258,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dunhill Financial LLC grew its holdings 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 in the last quarter. MKT Advisors LLC grew its holdings in Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after acquiring an additional 490 shares in the last quarter. Beaton Management Co. Inc. lifted its position in shares of Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the last quarter. Everpar Advisors LLC lifted its position in shares of 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 during the last quarter. Finally, Missouri Trust & Investment Co lifted its position in shares of Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Intel stock opened at $19.77 on Thursday. The firm’s 50 day simple moving average is $21.06 and its 200-day simple moving average is $22.65. The company has a market cap of $85.25 billion, a P/E ratio of -5.31, a price-to-earnings-growth 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 fifty-two week low of $18.51 and a fifty-two week high of $46.63.

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 the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. As a group, equities research analysts predict that Intel Co. will post -0.87 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on INTC shares. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group cut their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.88.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by insiders.

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.