Intel Co. (NASDAQ:INTC) Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors decreased its position in shares of Intel Co. (NASDAQ:INTC) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,029 shares of the chip maker’s stock after selling 1,761 shares during the period. Kelleher Financial Advisors’ holdings in Intel were worth $281,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of INTC. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth about $25,000. Quest Partners LLC lifted its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new position in Intel during the 4th quarter worth about $31,000. Groupama Asset Managment raised its position in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new stake in Intel in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Stock Up 0.4 %

Shares of INTC stock opened at $21.86 on Thursday. The stock has a fifty day moving average price of $21.44 and a 200 day moving average price of $23.13. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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). The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group reduced their price target on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Finally, Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.81.

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.