Captrust Financial Advisors Sells 191,301 Shares of Intel Co. (NASDAQ:INTC)

Captrust Financial Advisors trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 38.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 301,806 shares of the chip maker’s stock after selling 191,301 shares during the quarter. Captrust Financial Advisors’ holdings in Intel were worth $6,817,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. 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 valued at $269,000 after purchasing an additional 340 shares during the last quarter. 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 valued at $767,000 after acquiring an additional 348 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in Intel by 0.6% in the second quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock worth $2,000,000 after acquiring an additional 381 shares during the period. Alhambra Investment Management LLC boosted its holdings in Intel by 5.9% in the second quarter. Alhambra Investment Management LLC now owns 7,000 shares of the chip maker’s stock valued at $217,000 after acquiring an additional 389 shares in the last quarter. Finally, Cambridge Advisors Inc. increased its position in Intel by 2.4% during the 2nd quarter. Cambridge Advisors Inc. now owns 17,025 shares of the chip maker’s stock valued at $527,000 after purchasing an additional 393 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INTC. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday, September 16th. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Finally, Northland Securities reduced their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Six investment 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 stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is owned by insiders.

Intel Stock Down 0.5 %

INTC stock opened at $23.93 on Tuesday. 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 Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The stock has a market capitalization of $103.21 billion, a P/E ratio of -6.43 and a beta of 1.03. The business has a fifty day moving average price of $23.50 and a 200-day moving average price of $25.80.

Intel (NASDAQ:INTC) last issued its 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). The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Equities analysts forecast that Intel Co. will post -0.87 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.