Intel Co. (NASDAQ:INTC) Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 243,102 shares of the chip maker’s stock after selling 4,599 shares during the period. Intel comprises about 1.2% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 28th largest holding. Advisors Management Group Inc. ADV’s holdings in Intel were worth $4,874,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the 2nd quarter valued at approximately $27,000. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Groupama Asset Managment increased its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the period. FSA Wealth Management LLC acquired a new stake in Intel in the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP purchased a new position in Intel in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.96.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.

Intel Stock Up 2.7 %

INTC opened at $19.72 on Thursday. The stock has a fifty day moving average of $21.89 and a 200-day moving average of $23.49. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a market capitalization of $85.05 billion, a P/E ratio of -5.30 and a beta of 1.07. 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 announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post -0.87 EPS 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.