Intel Co. (NASDAQ:INTC) Shares Sold by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC reduced its position in Intel Co. (NASDAQ:INTC) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,161 shares of the chip maker’s stock after selling 556 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Intel were worth $283,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in Intel in the 4th quarter valued at $150,000. Tsfg LLC increased its stake in Intel by 104.4% in the 4th quarter. Tsfg LLC now owns 3,328 shares of the chip maker’s stock valued at $67,000 after buying an additional 1,700 shares during the period. Pallas Capital Advisors LLC increased its stake in Intel by 68.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 40,519 shares of the chip maker’s stock valued at $812,000 after buying an additional 16,497 shares during the period. Miracle Mile Advisors LLC increased its stake in Intel by 82.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 61,245 shares of the chip maker’s stock valued at $1,228,000 after buying an additional 27,607 shares during the period. Finally, Sunflower Bank N.A. boosted its position in shares of Intel by 7.0% during the 4th quarter. Sunflower Bank N.A. now owns 21,989 shares of the chip maker’s stock worth $441,000 after purchasing an additional 1,447 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on INTC shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Northland Securities decreased their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Six 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.96.

Intel Price Performance

INTC opened at $19.20 on Wednesday. The firm has a 50 day moving average price of $21.89 and a 200 day moving average price of $23.49. The company has a market cap of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last posted its earnings results 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). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $0.28 EPS. Sell-side analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

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.