Brown Shipley& Co Ltd Sells 176,971 Shares of Intel Co. (NASDAQ:INTC)

Brown Shipley& Co Ltd trimmed its holdings in Intel Co. (NASDAQ:INTC) by 80.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,349 shares of the chip maker’s stock after selling 176,971 shares during the period. Intel comprises approximately 0.5% of Brown Shipley& Co Ltd’s portfolio, making the stock its 26th largest holding. Brown Shipley& Co Ltd’s holdings in Intel were worth $1,017,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. America First Investment Advisors LLC bought a new stake in shares of Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC boosted its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. Spartan Fund Management Inc. bought a new position in Intel in the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the second quarter worth approximately $32,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of INTC opened at $23.65 on Thursday. 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 50-day moving average of $23.38 and a two-hundred day moving average of $25.99. The stock has a market cap of $102.00 billion, a P/E ratio of -6.36 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28.

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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, research analysts predict that Intel Co. will post -0.87 EPS for the current year.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. Barclays lowered their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Mizuho increased their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Robert W. Baird upped their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.12.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was 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. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

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.