Dudley Capital Management LLC Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Dudley Capital Management LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,783 shares of the chip maker’s stock after selling 1,250 shares during the quarter. Dudley Capital Management LLC’s holdings in Intel were worth $206,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of INTC. America First Investment Advisors LLC purchased a new stake in Intel during the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter worth $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel during the 2nd quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel in the 2nd quarter worth $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Intel during the 2nd quarter worth $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $26.23 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The firm has a market capitalization of $113.13 billion, a P/E ratio of -7.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company’s fifty day moving average price is $22.01 and its 200 day moving average price is $26.72.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the company posted $0.28 earnings per share. Intel’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on INTC shares. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. UBS Group cut their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $30.12.

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.