Intel Co. (NASDAQ:INTC) Shares Sold by Aspiriant LLC

Aspiriant LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 21.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,974 shares of the chip maker’s stock after selling 5,922 shares during the quarter. Aspiriant LLC’s holdings in Intel were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridgewater Advisors Inc. lifted its stake in Intel by 61.3% in the 4th quarter. Bridgewater Advisors Inc. now owns 24,774 shares of the chip maker’s stock valued at $476,000 after buying an additional 9,414 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Intel in the fourth quarter valued at $206,000. Ballast Inc. boosted its stake in shares of Intel by 26.5% during the fourth quarter. Ballast Inc. now owns 42,831 shares of the chip maker’s stock valued at $859,000 after acquiring an additional 8,980 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in Intel by 3.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker’s stock worth $413,000 after purchasing an additional 611 shares in the last quarter. Finally, BNC Wealth Management LLC raised its stake in Intel by 40.4% in the 4th quarter. BNC Wealth Management LLC now owns 19,000 shares of the chip maker’s stock valued at $381,000 after purchasing an additional 5,466 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

INTC opened at $21.77 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month 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 firm has a market cap of $93.89 billion, a price-to-earnings ratio of -5.85, a PEG ratio of 9.46 and a beta of 1.07. The company has a fifty day simple moving average of $21.48 and a 200 day simple moving average of $23.20.

Intel (NASDAQ:INTC) last announced its earnings results 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). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities research analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTC. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. 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 research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.81.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Company 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.