Intel Co. (NASDAQ:INTC) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC reduced its position in Intel Co. (NASDAQ:INTC) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,195 shares of the chip maker’s stock after selling 894 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Intel were worth $204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Groupama Asset Managment boosted its holdings in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Intel in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $30.04.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Intel Stock Up 0.8 %

INTC traded up $0.15 on Tuesday, hitting $20.02. 28,892,040 shares of the company were exchanged, compared to its average volume of 51,711,434. The firm has a 50-day moving average price of $22.25 and a two-hundred day moving average price of $23.97. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a market cap of $86.35 billion, a price-to-earnings ratio of -5.38 and a beta of 1.07.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

About Intel

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.