TD Private Client Wealth LLC Sells 6,760 Shares of Intel Co. (NASDAQ:INTC)

TD Private Client Wealth LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 46.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,811 shares of the chip maker’s stock after selling 6,760 shares during the quarter. TD Private Client Wealth LLC’s holdings in Intel were worth $183,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. America First Investment Advisors LLC bought a new stake in Intel during the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel during the second quarter valued at approximately $27,000. Quest Partners LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the second quarter valued at approximately $32,000. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial lifted their target price on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Robert W. Baird lifted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.04.

Intel Trading Down 2.1 %

Shares of INTC stock opened at $20.34 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The firm has a fifty day moving average price of $23.12 and a 200-day moving average price of $25.15. 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 company has a market cap of $87.73 billion, a price-to-earnings ratio of -5.47 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 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 firm earned $0.28 EPS. The company’s revenue was down 6.3% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction 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 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 filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

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.