Intel Co. (NASDAQ:INTC) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 657,019 shares of the chip maker’s stock after selling 4,391 shares during the period. Intel makes up approximately 1.7% of Bruni J V & Co. Co.’s holdings, making the stock its 24th biggest position. Bruni J V & Co. Co.’s holdings in Intel were worth $15,414,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. increased its position in shares of Intel by 29.7% in the first quarter. Hillsdale Investment Management Inc. now owns 6,810 shares of the chip maker’s stock worth $301,000 after acquiring an additional 1,560 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Intel by 5.0% in the first quarter. Bessemer Group Inc. now owns 97,799 shares of the chip maker’s stock worth $4,320,000 after acquiring an additional 4,692 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in Intel by 27.4% during the first quarter. Lake Street Advisors Group LLC now owns 33,767 shares of the chip maker’s stock valued at $1,491,000 after purchasing an additional 7,264 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Intel in the first quarter valued at about $7,039,000. Finally, Pitcairn Co. increased its position in Intel by 3.2% in the 1st quarter. Pitcairn Co. now owns 38,143 shares of the chip maker’s stock worth $1,685,000 after purchasing an additional 1,195 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INTC. JPMorgan Chase & Co. reduced their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price 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. Barclays decreased their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Morgan Stanley decreased their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Price Performance

Intel stock opened at $24.84 on Tuesday. The stock has a fifty day moving average price of $22.80 and a two-hundred day moving average price of $26.26. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. 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 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 during the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Intel Co. will post -0.83 earnings per share for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.04% of the company’s stock.

Intel Company 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.