Intel Co. (NASDAQ:INTC) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. decreased its holdings in Intel Co. (NASDAQ:INTC) by 42.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 200,780 shares of the chip maker’s stock after selling 145,995 shares during the period. Meyer Handelman Co.’s holdings in Intel were worth $4,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Thoroughbred Financial Services LLC lifted its holdings in shares of Intel by 16.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock valued at $560,000 after acquiring an additional 2,492 shares in the last quarter. Angeles Investment Advisors LLC raised its position in Intel by 78.3% in the second quarter. Angeles Investment Advisors LLC now owns 10,515 shares of the chip maker’s stock valued at $326,000 after purchasing an additional 4,618 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of Intel by 70.3% during the second quarter. Citizens Financial Group Inc. RI now owns 69,114 shares of the chip maker’s stock worth $2,140,000 after purchasing an additional 28,531 shares in the last quarter. Wulff Hansen & CO. boosted its position in shares of Intel by 2,425.1% in the second quarter. Wulff Hansen & CO. now owns 945,576 shares of the chip maker’s stock worth $30,532,000 after buying an additional 908,129 shares during the period. Finally, WealthPLAN Partners LLC boosted its position in shares of Intel by 10.8% in the second quarter. WealthPLAN Partners LLC now owns 87,662 shares of the chip maker’s stock worth $2,715,000 after buying an additional 8,534 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on 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 directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on INTC shares. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. 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. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.96.

Intel Price Performance

Shares of Intel stock opened at $19.20 on Wednesday. The stock has a market capitalization of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. 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 business’s 50 day simple moving average is $21.89 and its 200-day simple moving average is $23.49.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the business earned $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

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.