Old Port Advisors Sells 3,944 Shares of Intel Co. (NASDAQ:INTC)

Old Port Advisors lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,133 shares of the chip maker’s stock after selling 3,944 shares during the quarter. Old Port Advisors’ holdings in Intel were worth $1,346,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in INTC. America First Investment Advisors LLC bought a new position in Intel in the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter valued at about $27,000. Quest Partners LLC increased its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Groupama Asset Managment lifted its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Intel during the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel 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 value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of Intel stock traded up $0.21 during midday trading on Thursday, reaching $20.26. The company had a trading volume of 12,159,546 shares, compared to its average volume of 61,639,930. The stock has a fifty day simple moving average of $22.40 and a 200 day simple moving average of $24.24. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $87.38 billion, a price-to-earnings ratio of -5.45 and a beta of 1.05.

Intel (NASDAQ:INTC) last released its 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 firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on INTC. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. The Goldman Sachs Group dropped their target price 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. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Finally, Mizuho upped their price objective on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Six research 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.04.

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.