KG&L Capital Management LLC Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

KG&L Capital Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,495 shares of the chip maker’s stock after selling 7,600 shares during the quarter. KG&L Capital Management LLC’s holdings in Intel were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in Intel by 180.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after buying an additional 2,174 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Intel during the second quarter worth about $9,265,000. Centaurus Financial Inc. raised its stake in Intel by 68.1% during the 2nd quarter. Centaurus Financial Inc. now owns 35,484 shares of the chip maker’s stock valued at $1,099,000 after purchasing an additional 14,375 shares during the period. Czech National Bank lifted its holdings in Intel by 7.2% in the 3rd quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock worth $20,392,000 after purchasing an additional 58,021 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC boosted its stake in Intel by 17.6% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 142,441 shares of the chip maker’s stock worth $3,342,000 after purchasing an additional 21,304 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other Intel 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday. Finally, Mizuho decreased their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

NASDAQ:INTC opened at $19.43 on Friday. The company has a market cap of $83.80 billion, a P/E ratio of -5.22, a P/E/G ratio of 9.64 and a beta of 1.07. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company’s 50-day moving average price is $20.78 and its 200-day moving average price is $22.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. On average, sell-side analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

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.