Stiles Financial Services Inc Sells 4,725 Shares of Intel Co. (NASDAQ:INTC)

Stiles Financial Services Inc cut its position in shares of Intel Co. (NASDAQ:INTC) by 29.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,361 shares of the chip maker’s stock after selling 4,725 shares during the quarter. Stiles Financial Services Inc’s holdings in Intel were worth $267,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. America First Investment Advisors LLC bought a new position in Intel during the second quarter valued at $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel in the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. purchased a new position in Intel during the second quarter worth about $31,000. Financial Connections Group Inc. bought a new position in shares of Intel in the second quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC bought a new stake in Intel during the second quarter valued at approximately $33,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on INTC. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Wedbush reduced their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six 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. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Trading Down 0.8 %

NASDAQ INTC opened at $26.02 on Friday. The firm has a market capitalization of $112.22 billion, a PE ratio of -7.05 and a beta of 1.03. The stock’s 50 day moving average is $22.01 and its 200 day moving average is $26.72. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period last year, the business earned $0.28 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. Research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal 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.