Intel Co. (NASDAQ:INTC) Shares Sold by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV lessened its stake in Intel Co. (NASDAQ:INTC) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,745 shares of the chip maker’s stock after selling 13,689 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Intel were worth $316,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. William B. Walkup & Associates Inc. acquired a new stake in shares of Intel during the second quarter worth $2,178,000. Geode Capital Management LLC grew its position in shares of Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after acquiring an additional 19,625 shares during the period. Principal Financial Group Inc. lifted its holdings in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new position in Intel in the fourth quarter valued at approximately $276,000. Institutional investors 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 Intel 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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Down 3.4 %

Shares of NASDAQ:INTC opened at $20.83 on Friday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The company has a 50 day moving average price of $21.30 and a 200 day moving average price of $23.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on INTC. Citigroup dropped their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday. The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, UBS Group reduced their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.81.

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.