Hall Laurie J Trustee Has $227,000 Stake in Intel Co. (NASDAQ:INTC)

Hall Laurie J Trustee reduced its holdings in Intel Co. (NASDAQ:INTC) by 49.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,350 shares of the chip maker’s stock after selling 11,100 shares during the period. Hall Laurie J Trustee’s holdings in Intel were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter valued at about $27,000. Quest Partners LLC raised its stake in shares of 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 purchasing an additional 1,253 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Intel in the 3rd quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Intel in the 3rd quarter valued at approximately $36,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter valued at $31,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Intel stock opened at $21.49 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a market cap of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The business’s 50-day moving average price is $21.55 and its two-hundred day moving average price is $23.27.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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 company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Intel

In other Intel 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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on INTC shares. Barclays cut their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday. Truist Financial lifted their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Robert W. Baird lifted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.88.

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.