Banque Cantonale Vaudoise Sells 187,793 Shares of Intel Co. (NASDAQ:INTC)

Banque Cantonale Vaudoise lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 51.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 174,292 shares of the chip maker’s stock after selling 187,793 shares during the period. Banque Cantonale Vaudoise’s holdings in Intel were worth $4,087,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. America First Investment Advisors LLC bought a new position in shares of Intel during the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel in the 2nd quarter worth approximately $27,000. Quest Partners LLC raised its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. Spartan Fund Management Inc. purchased a new position in Intel during the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Intel in the second quarter worth $32,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. HSBC cut Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. Six 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Price Performance

Intel stock opened at $24.20 on Wednesday. The firm has a market capitalization of $104.37 billion, a PE ratio of -6.51 and a beta of 1.03. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The firm has a 50-day moving average price of $22.91 and a 200-day moving average price of $26.21. 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 announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. As a group, equities research analysts forecast that Intel Co. will post -0.83 EPS for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.

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.