Sentry LLC Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Sentry LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,885 shares of the chip maker’s stock after selling 2,746 shares during the quarter. Intel accounts for about 0.3% of Sentry LLC’s portfolio, making the stock its 24th largest position. Sentry LLC’s holdings in Intel were worth $1,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Intel by 25.2% in the 2nd quarter. NewEdge Advisors LLC now owns 192,683 shares of the chip maker’s stock valued at $5,967,000 after buying an additional 38,749 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Intel by 9.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 306,368 shares of the chip maker’s stock valued at $9,488,000 after buying an additional 26,663 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Intel by 180.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock valued at $105,000 after buying an additional 2,174 shares during the period. Quarry LP acquired a new position in shares of Intel in the 2nd quarter valued at about $81,000. Finally, Regal Investment Advisors LLC lifted its holdings in shares of Intel by 46.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 20,791 shares of the chip maker’s stock valued at $644,000 after buying an additional 6,642 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Down 0.2 %

INTC opened at $19.77 on Thursday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The stock has a market capitalization of $85.25 billion, a PE ratio of -5.31, a P/E/G ratio of 9.72 and a beta of 1.07. The business’s 50 day moving average price is $21.06 and its 200 day moving average price is $22.65. 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 released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) 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 during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post -0.87 EPS for the current year.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTC. Truist Financial boosted their price objective on 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 price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Citigroup cut their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. UBS Group cut their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.00.

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.