PDS Planning Inc Reduces Holdings in Intel Co. (NASDAQ:INTC)

PDS Planning Inc lessened its stake in Intel Co. (NASDAQ:INTC) by 21.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,796 shares of the chip maker’s stock after selling 3,924 shares during the period. PDS Planning Inc’s holdings in Intel were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Guardian Capital Advisors LP lifted its stake in shares of Intel by 2.1% during the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after buying an additional 328 shares during the period. Richard C. Young & CO. LTD. increased its holdings in Intel by 0.9% in the 1st quarter. Richard C. Young & CO. LTD. now owns 37,489 shares of the chip maker’s stock worth $1,656,000 after buying an additional 338 shares during the period. Key Financial Inc raised its position in Intel by 4.1% during the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock worth $269,000 after buying an additional 340 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Intel by 3.9% during the 1st quarter. Proficio Capital Partners LLC now owns 9,067 shares of the chip maker’s stock valued at $400,000 after acquiring an additional 343 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of Intel by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock worth $767,000 after purchasing an additional 348 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTC. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group dropped their price objective on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Six equities research 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’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Trading Down 2.9 %

Shares of INTC stock opened at $22.52 on Tuesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a 50-day moving average price of $21.84 and a 200 day moving average price of $26.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the firm earned $0.28 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Intel Co. will post -0.47 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.