Courier Capital LLC Has $1.68 Million Holdings in Intel Co. (NASDAQ:INTC)

Courier Capital LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,868 shares of the chip maker’s stock after selling 22,896 shares during the quarter. Courier Capital LLC’s holdings in Intel were worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the second quarter valued at approximately $27,000. Quest Partners LLC raised its stake 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 acquiring an additional 1,253 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. FSA Wealth Management LLC bought a new position in Intel during the 3rd quarter worth $34,000. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Intel during the second quarter worth about $35,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 0.3 %

Shares of INTC stock traded up $0.05 during mid-day trading on Monday, reaching $19.20. The stock had a trading volume of 50,451,916 shares, compared to its average volume of 58,533,117. 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 stock’s 50-day moving average price is $22.03 and its two-hundred day moving average price is $23.66. The firm has a market capitalization of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’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 business earned $0.28 EPS. Equities analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Truist Financial raised their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Six research 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.com, Intel presently has an average rating of “Hold” and an average price target of $29.96.

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.