Rise Advisors LLC Sells 896 Shares of Intel Co. (NASDAQ:INTC)

Rise Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTCFree Report) by 28.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,203 shares of the chip maker’s stock after selling 896 shares during the quarter. Rise Advisors LLC’s holdings in Intel were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in INTC. Diversified Trust Co lifted its position in shares of Intel by 1.8% in the 4th quarter. Diversified Trust Co now owns 83,791 shares of the chip maker’s stock worth $1,680,000 after purchasing an additional 1,445 shares during the period. Neville Rodie & Shaw Inc. raised its stake in Intel by 23.9% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 67,910 shares of the chip maker’s stock worth $1,361,000 after buying an additional 13,095 shares in the last quarter. Nordea Investment Management AB boosted its position in Intel by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 349,657 shares of the chip maker’s stock valued at $7,028,000 after acquiring an additional 19,895 shares in the last quarter. General Partner Inc. grew its holdings in shares of Intel by 6.5% during the 4th quarter. General Partner Inc. now owns 12,366 shares of the chip maker’s stock worth $248,000 after acquiring an additional 750 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Intel by 12.1% in the 4th quarter. Versant Capital Management Inc now owns 5,583 shares of the chip maker’s stock worth $112,000 after acquiring an additional 603 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of Intel stock traded up $0.20 on Tuesday, hitting $20.07. 33,605,816 shares of the company traded hands, compared to its average volume of 52,831,930. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The business has a 50-day simple moving average of $22.25 and a 200 day simple moving average of $23.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $86.56 billion, a P/E ratio of -5.40 and a beta of 1.07.

Intel (NASDAQ:INTCGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. Research analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was 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 $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial upped their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Finally, Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $30.04.

View Our Latest Report on INTC

Intel Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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