Intel Co. (NASDAQ:INTC) Shares Sold by STF Management LP

STF Management LP trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.7% during the third quarter, Holdings Channel reports. The firm owned 61,238 shares of the chip maker’s stock after selling 5,833 shares during the quarter. STF Management LP’s holdings in Intel were worth $1,437,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. America First Investment Advisors LLC bought a new position in shares of Intel during the second quarter worth about $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel during the second quarter worth about $27,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% during the third 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 last quarter. Spartan Fund Management Inc. bought a new position in shares of Intel during the second quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Intel during the second quarter worth about $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Roth Mkm decreased their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Susquehanna decreased their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, Northland Securities decreased their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Six equities 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. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $30.12.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction 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 owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

Intel Price Performance

NASDAQ INTC opened at $24.43 on Friday. The company has a 50 day simple moving average of $23.10 and a 200-day simple moving average of $26.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $105.35 billion, a price-to-earnings ratio of -6.57 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the business posted $0.28 EPS. Intel’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post -0.83 earnings per share for the current fiscal year.

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.