Richard C. Young & CO. LTD. Lowers Position in Intel Co. (NASDAQ:INTC)

Richard C. Young & CO. LTD. trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 26.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,051 shares of the chip maker’s stock after selling 3,898 shares during the period. Richard C. Young & CO. LTD.’s holdings in Intel were worth $259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. William B. Walkup & Associates Inc. bought a new position in shares of Intel during the 2nd quarter valued at approximately $2,178,000. Fortis Group Advisors LLC grew its stake in shares of Intel by 1,052.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares in the last quarter. Mizuho Securities Co. Ltd. grew its stake in shares of Intel by 2,910.4% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after buying an additional 27,940 shares in the last quarter. Private Advisory Group LLC purchased a new stake in shares of Intel during the 3rd quarter valued at about $8,045,000. Finally, Tyler Stone Wealth Management raised its position in shares of Intel by 105.4% during the 3rd quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock valued at $968,000 after buying an additional 21,177 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $24.35 on Monday. The firm has a 50 day moving average of $22.69 and a 200 day moving average of $26.30. 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 company has a market capitalization of $105.02 billion, a price-to-earnings ratio of -6.55 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last released 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 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 the consensus estimate of $13.02 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts predict that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on INTC shares. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Barclays decreased their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a report 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.