Paragon Capital Management LLC Has $1.67 Million Stake in Intel Co. (NASDAQ:INTC)

Paragon Capital Management LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,123 shares of the chip maker’s stock after selling 1,965 shares during the period. Intel makes up 0.9% of Paragon Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Paragon Capital Management LLC’s holdings in Intel were worth $1,669,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new stake in Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the second quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the second quarter worth $31,000. Financial Connections Group Inc. bought a new position in Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the 2nd quarter valued at $33,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on INTC. Truist Financial boosted their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. cut their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Wedbush decreased their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Cantor Fitzgerald cut their target price on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, UBS Group reduced their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is owned by company insiders.

Intel Stock Down 0.1 %

Shares of Intel stock opened at $26.20 on Monday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The business has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $26.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a market cap of $113.00 billion, a PE ratio of -7.04 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.28 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. Research analysts predict that Intel Co. will post -0.83 EPS for the current 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.