Sheaff Brock Investment Advisors LLC Sells 31,913 Shares of Intel Co. (NASDAQ:INTC)

Sheaff Brock Investment Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 36.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,038 shares of the chip maker’s stock after selling 31,913 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Intel were worth $1,291,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Orion Portfolio Solutions LLC lifted its position in shares of Intel by 1.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 100,220 shares of the chip maker’s stock valued at $4,427,000 after buying an additional 1,900 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Intel by 22.2% during the 1st quarter. Intech Investment Management LLC now owns 132,031 shares of the chip maker’s stock valued at $5,832,000 after buying an additional 23,992 shares during the last quarter. Spirepoint Private Client LLC purchased a new position in shares of Intel during the 1st quarter valued at $355,000. TIAA Trust National Association lifted its position in shares of Intel by 3.6% during the 1st quarter. TIAA Trust National Association now owns 251,066 shares of the chip maker’s stock valued at $11,090,000 after buying an additional 8,809 shares during the last quarter. Finally, Patten & Patten Inc. TN lifted its position in shares of Intel by 9.3% during the 1st quarter. Patten & Patten Inc. TN now owns 123,276 shares of the chip maker’s stock valued at $5,445,000 after buying an additional 10,520 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC opened at $24.35 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The stock has a market capitalization of $105.02 billion, a PE ratio of -6.55 and a beta of 1.03. The stock’s 50 day moving average price is $22.69 and its 200-day moving average price is $26.36.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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 for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period last year, the firm posted $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Intel Co. will post -0.83 EPS for the current year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

INTC has been the subject of several analyst reports. Morgan Stanley cut their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. UBS Group cut their target price on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Finally, Susquehanna dropped their price target on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research 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 given a buy rating to the company. According to MarketBeat.com, the company presently has an average 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.